The energy sector stocks in India traded lower on March 4, 2026, in early morning sessions, aligning with broader market declines. Data as of approximately 9:52 AM IST (BSE) and 9:54 AM IST (NSE) showed most listed energy-related scrips posting negative returns.
Key index levels included:
- S&P BSE Energy at 11,750.74, down 2.25%.
- S&P BSE OIL & GAS Index at 28,109.5, down 2.9%.
- Nifty 50 at 24,359.10, down 2.04%.
- S&P BSE SENSEX at 78,635.09, down 2.00%.
Among the stocks:
- Petronet LNG saw the steepest decline at -8.57% (BSE) / -8.96% (NSE).
- Mahanagar Gas fell -6.90% (BSE) / -6.72% (NSE).
- GAIL declined -5.12% (BSE) / -5.37% (NSE).
- Inox Green Energy down -5.05% (BSE) / -5.16% (NSE).
- Reliance Industries down -2.96% (BSE) / -2.84% (NSE).
- IOC down -3.83% (BSE) / -4.01% (NSE).
- HPCL down -3.49% (BSE) / -3.88% (NSE).
- BPCL down -3.73% (BSE) / -4.03% (NSE).
Limited gainers in the sector included Selan Explor up 4.19% (BSE) / 4.06% (NSE), Hind. Oil Exp up 1.54% (BSE) / 1.65% (NSE), and minor positives in Oil India and ONGC.
Top losers in the energy space were Petronet LNG (down 8.6%) and Mahanagar Gas (down 6.9%), per sector updates.
The declines occurred amid broader market weakness, with the benchmark Sensex down around 2% and Nifty similarly lower. This followed recent volatility linked to escalating geopolitical tensions in the Middle East, particularly involving US-Israel-Iran conflict, which has driven concerns over potential disruptions to energy supplies through key routes like the Strait of Hormuz. India, as a major oil and gas importer, faces risks from higher crude prices impacting import costs, inflation, and margins for downstream companies. Reports indicate crude oil benchmarks rose amid these supply worries, contributing to pressure on energy stocks, especially importers and city gas distributors.
This update reflects snapshot data from early trading; prices and indices can change throughout the session. For real-time details, refer to official exchange sources.