Image Source: Outlook Money
India’s Nifty Oil & Gas Index slipped 1.94% to 11,520.05 points at 1:15 PM IST, January 19, 2026, losing 228.45 points from its previous close of 11,748.50. The decline reflects investor caution amid global tariff uncertainties, weaker crude sentiment, and profit booking in energy majors like Reliance and ONGC.
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Key Highlights
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Index Performance: The Nifty Oil & Gas Index fell 228.45 points (-1.94%), trading at 11,520.05 INR in real-time.
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Timing Update: The drop was recorded at 1:15 PM IST, January 19, 2026, during afternoon trade.
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Sector Impact: Heavyweights including Reliance Industries, ONGC, and GAIL saw selling pressure, dragging the index lower.
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Market Context: The decline comes amid global tariff uncertainties, crude oil price volatility, and cautious investor sentiment.
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Broader Market: Benchmark indices Sensex and Nifty also traded lower, reflecting weakness across sectors.
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Outlook: Analysts expect continued volatility in energy stocks, with upcoming Q3 earnings and global crude trends likely to shape investor positioning.
This snapshot highlights how energy equities remain highly sensitive to global cues, with the Nifty Oil & Gas Index reflecting investor caution in India’s energy sector.
Sources: Reuters, Business Standard, MintMint, Investing.com
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