BPCL HPCL IOC

With this decline in crude prices analysts expect marketing margins of HPCL, BPCL and IOCL to improve further.

Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million

Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that the OPEC is looking to defend price, they said

Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts

As per media reports, Saudi Aramco,Rosneft, Exxon Mobil, ADNOC and one Indian private player will be participating in the bidding process for BPCL

With this, new players in the fuel-marketing space like Total, Adani, and Saudi Aramco -- and even super markets -- can open outlets for selling automobile fuel.

PVR, UltraTech Cement, Somany Ceramics, Dalmia Bharat, Bajaj Auto and Bajaj Finserv hit their respective record highs.