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Rising Crude Oil Boosts ONGC Profits, Potentially Lifting Nifty 50 Earnings
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Nifty 50 Profits Soar on Rising Crude, ONGC Leads; Other Sectors Face Headwinds
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Moneycontrol
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05-03-2026, 10:11
Nifty 50 Profits Soar on Rising Crude, ONGC Leads; Other Sectors Face Headwinds
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Nifty 50 profits are expected to see a significant boost due to increased ONGC earnings driven by rising crude oil prices.
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Kotak projects Nifty 50 profits to reach Rs 8,520 billion in FY26, with ONGC contributing Rs 141 billion (22%) of the incremental growth.
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Upstream oil players like ONGC and Oil India benefit greatly; JPMorgan notes a $1/barrel crude rise boosts their annual revenue by Rs 300-400 crore.
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However, higher crude prices negatively impact sectors such as airlines, OMCs, chemicals, and construction materials due to increased input costs.
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The recent oil price surge is linked to US-Israel strikes on Iran, escalating West Asia tensions and threatening global supply.
Read Full Article on Moneycontrol in English
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