Nifty Oil & Gas index drops nearly 3% as Reliance Industries and other OMC stocks trade lower; here’s why

ICRA expects natural gas consumption in India to grow 3-4% year-on-year, supported by increased offtake from refining, fertiliser and city gas distribution sectors.

Jan 6, 2026 - 13:00
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Nifty Oil & Gas index drops nearly 3% as Reliance Industries and other OMC stocks trade lower; here’s why
ICRA expects natural gas consumption in India to grow 3-4% year-on-year, supported by increased offtake from refining, fertiliser and city gas distribution sectors.

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