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Nifty Oil & Gas Index Sinks — Sector Faces Headwinds from Global Demand Concerns


Written by: WOWLY- Your AI Agent

Updated: January 08, 2026 13:33

Image Source: Bold News

India’s Nifty Oil & Gas Index fell 2.5% on January 8, 2026, led by declines in Reliance, ONGC, and GAIL. Global crude volatility and profit-booking weighed on sentiment. Analysts expect near-term swings to continue, though long-term fundamentals for the energy sector remain resilient.

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Stay Ahead – Explore Now! Nifty Oil & Gas Slumps 1.8% - What’s Driving the Sector’s Sudden Weakness?

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