Indian oil explorers surged on Wednesday as global crude prices jumped due to Winter Storm Fern disrupting US output and tightening near-term supply. Oil India and ONGC shares climbed significantly, with the Nifty Oil & Gas Index outperforming broader markets. Analysts noted that stable crude prices directly boost upstream companies’ earnings.
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
India’s economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by