India's oil & gas, energy indexes extend losing streak to fifth session

Gujarat Energy

12/02/2025 06:24

** India's Nifty Energy index  .NIFTYENR  and Nifty Oil &
Gas  .NIFOILGAS  trade down 1.1% and 1.3%, respectively 
    ** Both have dropped 5.7% and 4.9%, respectively, in the
past four sessions amid a broader sell-off in markets, with the
benchmark Nifty 50  .NSEI  down 2.6% during the same period
 .BO 
    ** Heavyweights Reliance Industries  RELI.NS  and ONGC
 ONGC.NS  down 3.4% and 8.7%, respectively, during the period
    ** Concerns over global trade war after U.S. President
Donald Trump said on Sunday he would impose reciprocal tariffs
on several nations continue to rattle Indian stocks
    ** Oil India  OILI.NS  has dropped ~3% since February 10 on
missing Q3 profit estimates; Gujarat Gas  GGAS.NS  down 13%
since February 6 after lower Q3 results and as analysts flagged
headwinds 
    ** Eleven of 13-major sectoral indexes are trading in red on
the day 
    ** Year-to-date, NIFTYENR, NIFOILGAS, NSEI have lost 11.5%,
7% and 3%, respectively




 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))