Adani Enterp. 2429.15↓-10.40(-0.43%)
Adani Ports 736.40↓-7.35(-0.99%)
Apollo Hospitals 4926.65↓-99.80(-1.99%)
Asian Paints 3212.25↓-12.55(-0.39%)
Axis Bank 962.10↓-14.65(-1.50%)
B P C L 361.10↓-7.00(-1.90%)
Bajaj Auto 4800.65↑19.90(0.42%)
Bajaj Finance 7010.10↓-69.85(-0.99%)
Bajaj Finserv 1467.40↓-13.50(-0.91%)
Bharti Airtel 836.00↓-8.25(-0.98%)
Britannia Inds. 4875.05↓-18.10(-0.37%)
Cipla 965.40↑4.95(0.52%)
Coal India 228.10↓-2.60(-1.13%)
Divi's Lab. 3499.70↓-42.40(-1.20%)
Dr Reddy's Labs 4649.40↓-24.35(-0.52%)
Eicher Motors 3657.40↓-70.00(-1.88%)
Grasim Inds 1711.95↓-57.10(-3.23%)
H D F C 2653.80↑5.25(0.20%)
HCL Technologies 1126.75↓-2.30(-0.20%)
HDFC Bank 1608.70↑1.00(0.06%)
HDFC Life Insur. 593.90↓-0.55(-0.09%)
Hero Motocorp 2964.80↑6.80(0.23%)
Hind. Unilever 2679.90↓-36.30(-1.34%)
Hindalco Inds. 418.25↓-4.35(-1.03%)
ICICI Bank 937.90↓-2.30(-0.24%)
IndusInd Bank 1303.85↓-7.35(-0.56%)
Infosys 1282.80↓-6.15(-0.48%)
ITC 442.90↓-1.05(-0.24%)
JSW Steel 748.80↑19.05(2.61%)
Kotak Mah. Bank 1886.50↓-52.90(-2.73%)
Larsen & Toubro 2340.30↑24.80(1.07%)
M & M 1381.05↓-25.35(-1.80%)
Maruti Suzuki 9658.60↓-48.90(-0.50%)
Nestle India 22148.90↓-218.85(-0.98%)
NTPC 182.05↑4.70(2.65%)
O N G C 156.10↑2.25(1.46%)
Power Grid Corpn 241.65↑2.45(1.02%)
Reliance Industr 2499.65↑1.50(0.06%)
SBI Life Insuran 1238.90↓-6.90(-0.55%)
St Bk of India 588.50↓-0.70(-0.12%)
Sun Pharma.Inds. 987.00↓-27.60(-2.72%)
Tata Consumer 807.10↓-16.00(-1.94%)
Tata Motors 559.70↓-8.25(-1.45%)
Tata Steel 111.15↓-0.35(-0.31%)
TCS 3236.45↓-38.45(-1.17%)
Tech Mahindra 1071.30↓-24.40(-2.23%)
Titan Company 2877.00↓-29.95(-1.03%)
UltraTech Cem. 8100.15↓-57.45(-0.70%)
UPL 690.05↓-3.90(-0.56%)
Wipro 399.55↓-3.25(-0.81%)

Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes

Oil & Natural Gas Corporation and Reliance Industries can rise up to 8 per cent

Avdhut Bagkar Mumbai

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GST on oil products

4 min read Last Updated : Feb 20 2023 | 11:54 AM IST

At the 49th GST council meeting, the Finance Minister Nirmala Sitharaman stated petroleum products such as petrol and diesel could be included under the Goods and Service Tax (GST) regime once the states government agree to it. She also added, GST council members need to finalize a rate before petroleum products are added under GST.

Meanwhile, Nifty Oil and Gas index has remained a top loser so far this year, declining over 14 per cent. However, a few of its constituents, like Oil & Natural Gas Corporation, Indian Oil Corporation and Oil India have succeeded in scaling crucial levels. So far this year, Oil India is up 25 per cent, while Oil & Natural Gas Corporation and Indian Oil Corporation gained 6 per cent and 5 per cent, respectively.

Barring Reliance Industries, all other constituents like Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Oil & Natural Gas Corporation lost over 0.50 per cent on Monday. Reliance