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TVS Motor Company today announced a strategic partnership with Indian Oil Corporation (IndianOil) to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions.
As part of the initiative, TVS Motor Company will work with IndianOil network of over 13,000 LPG distributors across the country, enabling the adoption of the TVS King Kargo HD vehicles for doorstep cylinder deliveries. This marks an important step towards enabling cleaner, more efficient, and cost-effective LPG cylinder distribution while supporting India's transition to green mobility.
Bringing together two trusted and respected organisations in their respective industries, the partnership combines TVS Motor's expertise in commercial mobility with IndianOil 's extensive distributor network to advance efficient and sustainable LPG cylinder distribution across India. The deployment of the TVS King Kargo HD range for LPG cylinder distribution is expected to reduce carbon emissions while offering IndianOil distributors a lower total cost of ownership. The initiative is designed to improve operational efficiency and profitability, while reinforcing both organisations' commitment to sustainability and the Government of India's clean mobility vision.
Hindustan Petroleum Corporation Ltd lost 3.78% today to trade at Rs 390.4. The BSE Oil & Gas index is down 1.39% to quote at 26081.8. The index is down 0.29 % over last one month. Among the other constituents of the index, Bharat Petroleum Corporation Ltd decreased 3.55% and Indian Oil Corporation Ltd lost 2.92% on the day. The BSE Oil & Gas index went down 8.66 % over last one year compared to the 7.04% fall in benchmark SENSEX.
Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX. On the BSE, 65707 shares were traded in the counter so far compared with average daily volumes of 3.86 lakh shares in the past one month. The stock hit a record high of Rs 508.45 on 05 Jan 2026. The stock hit a 52-week low of Rs 316.2 on 23 Mar 2026.
Indian Oil Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 141.92, up 1.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24129.55. The Sensex is at 77320.29, up 0.52%. Indian Oil Corporation Ltd has risen around 3.3% in last one month.
Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has risen around 1.37% in last one month and is currently quoting at 39764.85, down 0.3% on the day. The volume in the stock stood at 147.06 lakh shares today, compared to the daily average of 136.52 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 142.75, up 1.44% on the day. Indian Oil Corporation Ltd is down 4.02% in last one year as compared to a 5.02% drop in NIFTY and a 9.03% drop in the Nifty Energy index.
The PE of the stock is 5.37 based on TTM earnings ending March 26.
The MoU was signed on 22 June 2026 for the development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third party, Commercial and Industrial (C&I) consumers, Discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility.
While strengthening its conventional power portfolio, NLCIL has also been actively expanding into large-scale renewable and green energy initiatives including solar,wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.
Indian Oil Corporation Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.25. The Sensex is at 77266.23, up 0.14%. Indian Oil Corporation Ltd has added around 8.29% in last one month.
Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has added around 1.77% in last one month and is currently quoting at 40238.45, up 0.08% on the day. The volume in the stock stood at 40.7 lakh shares today, compared to the daily average of 159.06 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 146.45, up 0.28% on the day. Indian Oil Corporation Ltd is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy index.
The PE of the stock is 5.58 based on TTM earnings ending March 26.
The rally came after Brent crude futures declined more than 4% to around $83 per barrel as investors cheered a preliminary agreement between the US and Iran that could pave the way for the reopening of the Strait of Hormuz, one of the world's most important oil shipping routes.
US President Donald Trump said the agreement would lead to the reopening of the Strait of Hormuz and the lifting of the US naval blockade.
The Strait of Hormuz handles roughly one-fifth of global seaborne oil trade. Any disruption to traffic through the route typically raises concerns over supply shortages and pushes crude prices higher.
A potential reopening of the waterway is expected to restore normal crude flows from the Gulf region, easing supply concerns and reducing pressure on oil prices.
Lower crude prices are generally positive for OMCs as they reduce input costs and support refining and marketing margins. Since domestic fuel prices do not always move in line with fluctuations in global crude prices, a decline in oil prices can improve profitability for fuel retailers.
Realty shares jumped after declining in the past two trading sessions.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 213.70 points or 0.28% to 75,533.38 The Nifty 50 index added 69.45 points or 0.29% to 23,719.40.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.99% and the BSE 250 SmallCap Index jumped 1.25%.
The market breadth was negative. On the BSE, 2,641 shares rose and 1,142 shares fell. A total of 227 shares were unchanged.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.2750 compared with its close of 96.2000 during the previous trading session. It also touched an all-time intraday low of 96.3850 in early trade.
In the commodities market, Brent crude for July 2026 settlement declined $1.75 or 1.56% to $110.35 a barrel.
Fuel Hike
Fuel prices were increased again on Tuesday, with petrol and diesel rates rising by up to 90 paise per liter across major cities, marking the second hike in less than a week. The latest revision follows a sharp Rs 3 per liter increase announced on Friday.
In Delhi, petrol prices rose by 87 paise to Rs 98.64 per litre from Rs 97.77, while diesel prices increased by 91 paise to Rs 91.58 per litre from Rs 90.67.
In Mumbai, petrol prices climbed 91 paise to Rs 107.59 per liter, while diesel rose 94 paise to Rs 94.08 per liter.
Kolkata recorded the sharpest increase in petrol prices, which surged 96 paise to Rs 109.70 per liter. Diesel prices in the city advanced 94 paise to Rs 96.07 per liter. In Chennai, petrol prices increased by 82 paise to Rs 104.49 per litre, while diesel prices moved up 86 paise to Rs 96.11 per litre.
Buzzing Index:
The Nifty Realty Index rallied 1.99% to 766.95. The index declined 2.36% in past two consecutive trading sessions.
Aditya Birla Real Estate (up 3.19%), Prestige Estates Projects (up 3.12%), Lodha Developers (up 3.06%), Godrej Properties (up 2.99%), Anant Raj (up 2.2%), Sobha (up 1.58%), DLF (up 1.36%), Phoenix Mills (up 1.02%), Oberoi Realty (up 0.46%) and Brigade Enterprises (up 0.08%) surged.
Stocks in Spotlight:
Indian Oil Corporation (IOCL) added 2.96% after the company’s standalone net profit surged 56.61% to Rs 11,377.51 crore in Q4 FY26 compared with Rs 7,264.85 crore in Q4 FY25. Revenue from operations (excluding excise duty) rose 6.62% YoY to Rs 2,07,883.23 crore in Q4 FY26 as against Rs 1,94,967.02 crore reported in Q4 FY25.
Timken India advanced 1.57%. The company has reported 16.8% fall in consolidated net profit to Rs 158.31 crore despite a 14.5% increase in revenue to Rs 1,089.83 crore in Q4 FY26 as compared with Q4 FY25.
Global Market:
Asia markets traded mixed on Tuesday as oil prices, while elevated, eased slightly following news that President Donald Trump was postponing a scheduled attack on Iran.
Trump said in a social media post that U.S. military leaders were informed to call off a 'scheduled attack of Iran tomorrow” after requests from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
'A Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond. This Deal will include, importantly, NO NUCLEAR WEAPONS FOR IRAN!,” Trump added.
However, Trump cautioned that he has informed his military leaders 'to be prepared to go forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached.”
Despite the fragile ceasefire between the U.S. and Iran, the vital Strait of Hormuz remains closed by Tehran, while the U.S. continues to blockade Iranian ports.
On the data front, investors assessed Japan’s first-quarter GDP data, which showed the economy grew at an annualized 2.1% in the first three months of the year. The growth was sharply higher than the widely reported average estimate of 1.7%, and against the 1.3% in the previous quarter. These figures do not capture the full impact of the Iran war, which started at the end of February.
A summit meeting between Japan’s Prime Minister Sanae Takaichi and South Korea’s President Lee Jae Myung later today will also be in focus.
Overnight on Wall Street, the \Nasdaq Composite and the S&P 500 fell on Monday, bogged down by declines in technology, as traders monitored oil prices and bond yields while awaiting further developments with the conflict in the Middle East.
The broad market benchmark dropped 0.07% to end at 7,403.05, while the tech-heavy Nasdaq slid 0.51% and closed at 26,090.73. It was the second straight day of declines for both indexes. The Dow Jones Industrial Average closed up 159.95 points, or 0.32%, at 49,686.12.
For the full year,net profit rose 209.58% to Rs 42096.26 crore in the year ended March 2026 as against Rs 13597.84 crore during the previous year ended March 2025. Sales rose 3.47% to Rs 784415.43 crore in the year ended March 2026 as against Rs 758105.81 crore during the previous year ended March 2025.