Energy sector stocks traded lower in the morning session on the Indian stock market today, reflecting broad-based weakness across oil & gas, city gas distribution, and select energy-linked counters. As of 10:51 AM IST, most frontline and mid-cap energy stocks were in the red, in line with muted sentiment in the broader market.
The S&P BSE Energy index was down 0.75%, underperforming the benchmark S&P BSE Sensex, which slipped 0.33% during the same period. On the NSE, the NIFTY 50 was trading 0.40% lower at 25,482.45, indicating cautious sentiment across sectors.
Among oil marketing companies, HPCL emerged as one of the top laggards, with its shares falling 2.78% on the NSE to ₹440.60. BPCL also traded lower, down 1.31% at ₹356.50, while IOC declined 1.02% to ₹159.26. Refinery-linked stocks showed similar weakness, with Chennai Petroleum dropping 2.44% on the NSE to ₹827.00, and MRPL easing 0.58% to ₹142.42.
City gas distribution companies also traded in negative territory. Gujarat Gas slipped 2.28% to ₹743.10, while Indraprastha Gas was down 0.57% at ₹178.79. Mahanagar Gas, however, bucked the trend, gaining 1.06% to ₹1,109.60 on the NSE.
Upstream and exploration stocks presented a mixed picture. Oil India declined 0.49% to ₹433.65, while ONGC was largely flat, trading marginally lower by 0.02% at ₹243.06. Hindustan Oil Exploration fell 2.00%, whereas Selan Exploration saw a sharper decline of 4.85% on the NSE.
Gas transmission and LNG-linked stocks also remained under pressure. GAIL slipped 0.84% to ₹163.33, and Petronet LNG traded 0.68% lower at ₹278.15. Gujarat State Petronet showed limited movement, ending marginally down 0.23% on the NSE.
In the broader energy space, Reliance Industries traded 0.30% lower at ₹1,409.40, while lubricant makers showed mixed trends. Castrol India edged down 0.39%, whereas Gulf Oil Lubricants gained 0.99%. Renewable-linked names were also mixed, with Suzlon Energy down 1.31%, while K P Energy advanced 2.49% on the BSE.
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