Oil and gas stocks in India showed mixed performance on March 2, 2026, during early trading hours, amid broader market declines and geopolitical developments impacting crude oil prices.
The Nifty 50 index stood at approximately 24,893, down 1.1%, while the Sensex was around 80,194, down 1.34%. These benchmark indices reflected selling pressure linked to escalating tensions in the Middle East, including US-Israel actions against Iran, which drove international crude oil prices higher.
Performance of Key Oil & Gas Stocks (as of early March 2, 2026)
Data is based on BSE and NSE prices around 9:15-9:20 AM IST:
- Adani Total Gas: BSE ₹453.50 (-11.43%), NSE ₹493.35 (-3.64%) — Among the top losers in the sector.
- Indraprastha Gas: BSE ₹161.95 (-5.38%), NSE ₹165.98 (-2.86%).
- HPCL: BSE ₹419.15 (-4.54%), NSE ₹421.70 (-3.89%).
- IOC: BSE ₹178.20 (-4.99%), NSE ₹178.80 (-4.62%).
- GAIL: BSE ₹162.35 (-4.36%), NSE ₹166.35 (-1.88%).
- BPCL: BSE ₹372.70 (-3.37%), NSE ₹370.70 (-3.81%).
- Petronet LNG: NSE/BSE around -1% to -2.57%.
- Reliance Industries: Around -1.75%.
- Gujarat Gas and Guj. State Petronet: Declines of 1-2.5%.
- Castrol India and Aegis Logistics: Modest declines of 0.7-2.2%.
- Mahanagar Gas: BSE ₹1,195.45 (-1.96%), NSE ₹1,212.70 (-0.58%).
- ONGC: BSE ₹290.85 (+3.91%), NSE ₹287.20 (+2.68%) — Top gainer.
- Oil India: BSE ₹500.00 (+3.32%), NSE ₹494.00 (+2.09%) — Another notable gainer.
Within the Nifty Oil & Gas sector, upstream players ONGC and Oil India led gains, while city gas distribution and downstream/refining stocks (e.g., Adani Total Gas, Indraprastha Gas, HPCL, IOC) saw sharper declines.