Nifty Oil & Gas Index Rises 1.47% On Broad-Based Rally; OIL And BPCL Lead Gains
By Ankur Chandra | Updated at: Jun 12, 2025 12:13 AM IST
The Nifty Oil & Gas index closed sharply higher on Tuesday, gaining 169.30 points or 1.47% to settle at 11,725.50, buoyed by strong performances across oil exploration, refining, and gas marketing stocks.
Market Snapshot
| Metric | 11-Jun-2025 | 10-Jun-2025 | Change | % Change |
|---|---|---|---|---|
| Closing Level | 11,725.50 | 11,556.20 | +169.30 | +1.47% |
| Opening Level | 11,596.65 | — | — | — |
| Day’s High | 11,799.75 | — | — | — |
| Day’s Low | 11,588.70 | — | — | — |
| 52-Week High | 13,607.20 | — | — | — |
| 52-Week Low | 4,632.70 | — | — | — |
| Advances | 12 | — | — | — |
| Declines | 3 | — | — | — |
Top Contributors
Oil India Ltd (OIL)
- Last Price: ₹466.40
- Change: +₹29.00
- % Change: +6.63%
- Volume: 1.87 crore shares
- Comment: The highest gainer in the index, supported by crude optimism and robust fundamentals.
Bharat Petroleum Corporation Ltd (BPCL)
- Last Price: ₹334.00
- Change: +₹13.90
- % Change: +4.34%
- Volume: 2.17 crore shares
Hindustan Petroleum Corporation Ltd (HPCL)
- Last Price: ₹414.90
- Change: +₹9.80
- % Change: +2.42%
GAIL (India) Ltd
- Last Price: ₹200.05
- Change: +₹4.38
- % Change: +2.24%
Indian Oil Corporation Ltd (IOC)
- Last Price: ₹145.25
- Change: +₹3.06
- % Change: +2.15%
Lagging Stocks
Indraprastha Gas Ltd (IGL)
- Last Price: ₹211.60
- Change: -₹2.07
- % Change: -0.97%
Castrol India Ltd
- Last Price: ₹220.00
- Change: -₹3.13
- % Change: -1.40%
Adani Total Gas Ltd (ATGL)
- Last Price: ₹698.45
- Change: -₹14.65
- % Change: -2.05%
Oil & gas stocks rallied sharply, led by gains in OIL, BPCL, and HPCL amid rising crude prices and strong refining margins. However, select gas distribution stocks like IGL and ATGL lag, capping broader upside in the sector.
Is Rising Crude Fueling a Rally in Oil & Gas Stocks?
The sector benefited from strength in crude oil prices and improved refining margins, with refiners and marketers such as BPCL, HPCL, and IOC rallying in sync. Exploration players, such as OIL and ONGC, also advanced on bullish production expectations and firm global energy cues.
Can Strong Turnover and Momentum Push the Index Closer to Its 52-Week High?
Trading activity was robust, with a total turnover of ₹50,683.67 crore and 144.17 million shares exchanged. With the index closing just 13.8% below its 52-week high, momentum could carry into the upcoming sessions.
About Nifty Oil & Gas Index:
The Nifty Oil & Gas Index represents companies from the oil exploration, refining, marketing, and gas distribution sectors. It includes large caps like Reliance Industries, ONGC, BPCL, and GAIL, and serves as a barometer for India’s energy sector performance.
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