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Oil Tensions Weigh on OMCs Like IOC, BPCL; MTAR, BEL Shine on Defence and Export Play
Oil Tensions Weigh on OMCs Like IOC, BPCL; MTAR, BEL Shine on Defence and Export Play
Written by - Fisdom Research
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June 19, 2025
2 minutes
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Market Snapshot
Indian equity benchmarks ended marginally lower on June 19 in a volatile trading session.
The Nifty closed below 24,800, weighed down by broad-based selling pressure, except in the auto sector.
Markets opened flat to negative and remained rangebound through the day amid mixed global cues.
Investor sentiment was dented by the US Fed’s decision to hold rates steady, with projections of higher inflation and slower growth.
Rising geopolitical tensions in the Middle East further added to risk aversion.
Broader markets underperformed, with the BSE Midcap and Smallcap indices falling over 1.5% each.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.5
NIFTY HEALTHCARE INDEX
-0.7
NIFTY PRIVATE BANK
-0.3
NIFTY PHARMA
-0.7
NIFTY FMCG
-0.3
NIFTY CONSUMER DURABLES
-0.9
NIFTY OIL & GAS
-0.6
NIFTY IT
-0.9
Top News
The escalating Iran-Israel conflict on June 19 pushed Brent crude near $77/barrel, dragging down Indian OMC stocks like IOC, BPCL, and HPCL, while oil refiners such as ONGC and Oil India saw modest gains.
MTAR Technologies rose 1% after announcing a 10-year export deal with Switzerland’s Weatherford, with deliveries starting FY26 and ramping up sharply by FY27 from a new Telangana facility.
Indian defence stocks rebounded strongly as rising geopolitical instability renewed investor focus on the sector amid reports of missile strikes by both Israel and Iran.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATACONSUM
2.1
ADANIPORTS
-2.5
EICHERMOT
1.7
BAJFINANCE
-2.3
M&M
1.6
SHRIRAMFIN
-2.1
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,600
25,000
Bank Nifty
55,000
56,000
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