Energy Shares Rise Even After the Weak Market as Crude Oil Spike Lifts Nifty Energy Index by 2%
Energy shares are still in positive in NSE Energy Index.
Energy stocks climb as rising crude oil prices lift the Nifty Energy Index by 2%, defying weakness in the broader market and boosting investor interest in the sector.
Shares of energy companies saw strong buying interest in the market on March 12, 2026. The overall market stay weak, the oil shares are remains on high pitch. It was driven by rising crude oil prices and growing concerns over fuel supply.
On Thursday, the NSE Energy Index, which tracks 40 energy-sector stocks, rose by up to 2.14% to hit an intraday high of 36,914. Oil and gas stocks in India are performing better in the market. The other standard stock indices slipped more than 1% during intraday trading.
As per the earlier records, the Nifty Energy index was up 1.95 per cent at 36,843. However, the benchmark Nifty50 index was trading with a loss of 121 points at 23,746. In the 40 constituent stocks, 34 were trading in green and just six showed up red.
Again, Adani Total Gas was the top gainer in the ONGC and energy sector stocks. The company trades higher by 9.52 per cent. After Adani Total Gas, come NLC India and JSW Energy. Here, the trading gains about 8 per cent each. Moreover, the Adani Power, Reliance Power, BHEL, Torrent Power, Jaiprakash Power Ventures, and Tata Power were trading higher by over 5 per cent each.
Among the additional gainers, Coal India was up about 4 per cent, while NTPC was trading with gains of about 2 per cent. Adani Green Energy was also trading better by around 2 per cent. Above all, the country’s largest company by market capitalisation, Reliance Industries, was trading with gains of up to 1.29 per cent.
Meanwhile, the Indian government shared information on the gas shortage that the country presently has adequate coal stocks to meet its energy demands. The Ministry of Coal said in a statement that coal production and supply have stayed higher compared to consumption this year. It also leads to the record-high coal reserves at thermal power plants.
