Market commentary: Stocks of OMCs, gas distribution companies, refiners gain on lower crude oil prices

Indian equity markets are again in green today. At 1:50 p.m. Indian Standard Time, 27^th June, 2025, Nifty 50 is up by 79.75 points or 0.32%. Sensex is up by 243 points or 0.29%.

Top Gainers & Losers

Top gainers at Nifty 50 at this time are Jio Financial Services, IndusInd Bank and Adani Enterprises. Top Losers at this time are Bajaj Finance, Dr. Reddy’s and Bajaj Finserv.

Jio Financial Services’ stock price is up today after the company invested in its payment banks arm. Sentiments regarding the stock may have also got some boost today after Jio Blackrock Broking got SEBI approval to operate as a broker and clearing house member.

IndusInd Bank’s stock price is gaining today after some media outlets reported that the appointment of a new CEO is likely to take place soon. Adani Enterprises’ stock is gaining today due to the positive momentum that has emerged around Adani group companies in the past few days.

Bajaj Finance’s stock price is seeing profit booking today. The stock price has gained more than 4% in the past 5 days. Dr Reddy’s stock price is down today after a brokerage firm cut down its target price on the stock.  Bajaj Finserv stock is also seeing profit booking today.

All the broad market indices are in green at this time.  Nifty Small cap 100 index is the top gainer among broad market indices. It is up by 0.70%. Small cap stocks seem to be gaining today due to reduced risk level due to easing of tensions in Middle East.

Oil & gas stocks gaining today

Among sectoral indices, Nifty Oil & Gas index is the top gainer at this time. It is up by 1.35%. Stocks of oil marketing companies and gas distribution companies are gaining because of lower levels of oil prices. At this time, WTI crude for August delivery is trading at around $65.62 per barrel. Brent crude for August delivery is trading at around $68.13 per barrel.

Indian Oil’s stock price is up by 0.85% at this time, at Rs 147.60. Indraprastha Gas’ stock price is up by more than 2% at Rs 213.30. HPCL’s stock price is up by more than 3%, at Rs 436. 35 per share. Reliance Industries’ stock price is up by 1.53% at Rs 1,518 per share. Reliance Industries’ stock price is up today because it runs the biggest oil refinery in the world. It uses crude oil as input. Lower crude oil prices may improve its refining margins.

Market breadth is positive at this time. 1651 stocks are advancing; 1082 stocks are declining at this time.

 Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest. To get any error corrected please write to content@hdfcsec.com.

Source: NSE