News for Oil India Limited (OIL.BO)

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

The blocks won under the ninth round take OIL's total exploration acreage from 60,000 sq. km to 110,000 sq. km. Over 47,000 sq. km of the newly awarded acreage lies in deep and ultradeep offshore waters.

Stocks including TCS, IndusInd Bank, ICICI Prudential Life, IREDA, Vedanta, Adani Total Gas, Swiggy, NHPC, Dabur India, MGL and Gensol will be in the spotlight on Wednesday, April 16.

LPG price hike is a "sentimental" positive for OMCs, while the rise in excise duty will impact their margins, say analysts

ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.

As the situation stands, we have already seen the worst kind of panic in the markets. It happened in the run up to March. Markets are always the leading indicator and they have stabilised for now.

Stocks including Reliance Industries, ITC, Power Grid, LTIM, Vedanta, HAL, Paytm, BSE, Federal Bank, RITES, Mankind Pharma and NCC will be in the spotlight on Tuesday, April 01.

In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling operations in the area, said officials.

NSCN-IM has opposed the Central government's move to explore petroleum resources in Nagaland, emphasising the importance of their sovereignty and mineral wealth. The group accuses India of divisive tactics and undermining Naga political rights, while praising the Ao Naga community's resistance to outside exploitation.

The Union Cabinet has approved Rs 10,601 Crore for the new Namrup IV Fertilizer Plant in Assam, which will enhance fertilizer security and boost industrial growth in the Northeast. The project aims to address the region's rising fertilizer demand and create direct and indirect employment opportunities.

Shares of HPCL surged as much as 5.1%, while IGL and GAIL India stocks rallied over 2% as Brent crude prices dropped for the 3rd straight session.

UDTL secures ₹80.84 million order from Oil India Limited for Large OD Casing Pipe, strengthening position in energy sector.

Foreign Institutional Investors (FIIs) have been aggressively selling Indian equities, withdrawing ₹34,574 crore in February. On Friday alone, they offloaded ₹11,639 crore, marking the worst single-day sell-off of the month.

Union Petroleum Minister Hardeep S Puri announced India's plans to exceed a 20% ethanol blending target. He mentioned the establishment of a NITI Aayog committee for this initiative. Achievements include the present 19.6% blending rate and significant infrastructure projects. Assam's Chief Minister outlined the state's substantial contribution to India's energy sector, including advancements in natural gas and green hydrogen.

Stocks including Wirpo, BHEL, Shriram Finance, ABB India, Rail Vikas Nigam, Glenmark Pharma, ABFRL, Ircon and more will be in the spotlight on Monday, February 17.

Indian benchmark indices fell for the eighth straight session to end Friday in the red amid FII selling with banks, auto and FMCG sectors among the big losers. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them.

Petrobras signed agreements with BPCL for crude oil supply and with ONGC Videsh Ltd and Oil India Ltd for cooperation in oil and gas exploration. These strategic pacts aim to diversify India's energy sources, enhance bilateral energy cooperation, and explore opportunities in India's offshore regions, reinforcing India's energy security and Petrobras' role as a reliable supplier.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NOILI.NS - Oil India LtdQ3 2025 Oil India Ltd Earnings CallFeb 08, 2025 / 05:00AM GMT =========

The NSE Nifty 50 and BSE Sensex were trading near day's low. The benchmark indices were 0.94% and 0.90% down, respectively as of 12:58 p.m. At around noon, Brainbees Solutions Ltd., Oil India Ltd., Ola Electric Mobility Ltd., Shipping Corp. of India, Va Tech Wabag Ltd., and Varun Beverages Ltd. were trending because of significant share price movement.