Nifty Oil & Gas Closes 1.69 Per cent Amid Broad-Based Sectoral Weakness; Hindustan Petroleum, BPCL Lead Losses
By HDFC SKY | Published at: Jun 12, 2025 07:59 PM IST
Mumbai, June 12: On Thursday, June 12, 2025, the Nifty Oil & Gas index (NSE: NIFTYOILGAS) concluded the trading session sharply lower, closing at ₹11,527.30. This represented a decline of 198.20 points, or 1.69%, from its previous close of 11,725.50. The sector was largely weighed down by a widespread sell-off across its constituent stocks.
Out of the 15 stocks included in the index, 13 experienced declines, while only 2 managed to post gains, indicating a broad-based weakness within the energy segment. This performance was similar to the overall benchmark indices (Sensex and Nifty), which ended Wednesday with marginal losses. While Nifty ended ₹253.20 lower at ₹24,888.20, Sensex closed ₹823.16 lower at ₹81,691.98.
Index Performance Snapshot
| Metric | 12-Jun-2025 | 11-Jun-2025 | Change | % Change |
|---|---|---|---|---|
| Last Traded Price | 11,527.30 | 11,725.50 | -198.20 | -1.69% |
| Day’s Range | 11,503.65 – 11,778.50 | — | — | — |
| 52-Week Range | 4,632.70 – 13,607.20 | — | — | — |
| Total Traded Value | ₹5,236.77 crore | — | — | — |
| Total Traded Volume | 15.49 crore shares | — | — | — |
Key Drags on the Index
Top Losers (12-Jun-2025)
| Stock | Last Price (₹) | Prev Close (₹) | Change (₹) | % Change |
|---|---|---|---|---|
| Hindustan Petroleum | 392.55 | 414.85 | -22.30 | -5.38% |
| BPCL | 318.65 | 333.85 | -15.20 | -4.55% |
| GAIL | 192.18 | 200.09 | -7.91 | -3.95% |
| Adani Total Gas | 672.75 | 697.60 | -24.85 | -3.56% |
| Indraprastha Gas | 203.14 | 210.72 | -7.58 | -3.60% |
Notable Gainers
| Stock | Last Price (₹) | Prev Close (₹) | Change (₹) | % Change |
|---|---|---|---|---|
| Oil India | 468.35 | 465.30 | +3.05 | +0.66% |
| ONGC | 247.88 | 247.32 | +0.56 | +0.23% |
30-Day & 1-Year Overview
- 30-Day Change: +3.2%
- 1-Year Change: -0.98%
- The index is currently 15.28% below its 52-week high of 13,607.20.
Technical Context
- Sectoral sentiment remains fragile, with multiple gas and refining companies correcting sharply from recent highs.
- Hindustan Petroleum and BPCL, both trading near 35% off their 52-week highs, signal deeper institutional selling or profit booking.
What’s Ahead?
In the near term, the Nifty Oil & Gas index is likely to remain under pressure due to weak global cues, rising crude prices, and continued institutional selling. Investors should watch for stability in crude oil and signs of foreign institutional investor (FII) buying before expecting a sectoral rebound. Any positive policy update or earnings surprise could offer limited support.
About Nifty Oil & Gas Index
The Nifty Oil & Gas Index tracks the performance of companies involved in oil exploration, production, refining, and gas transmission. Major constituents include Reliance Industries, ONGC, IOC, BPCL, and GAIL. It serves as a key sectoral indicator, reflecting energy demand, global crude pricing, and the impacts of domestic fuel policy.
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