ONGC, Oil India shares rally up to 5% as crude prices surge; OMCs, tyre, aviation stocks slide on cost concerns

June 12, 2025

Shares of Oil and Natural Gas Corporation (ONGC) climbed 3.2% to Rs 255.15 on the BSE, while Oil India surged up to 5% to Rs 488.80. The rally followed a more than 4% overnight jump in global oil prices, reaching their highest levels since early April, driven by concerns over potential supply disruptions in the Middle East.

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Sandip Sabharwal sees strength in financials, warns of IT sector headwinds

India’s top IT firms reported mixed earnings, grappling with near-term pressures and AI-driven structural shifts, leading to subdued growth forecasts. While IT valuations have become

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