Business news · Commodities · 30 Apr 2026
IN Oil Gas & Consumable Fuels Chemicals Services Automobile and Auto Components
Brent futures spiked above $126 a barrel, the highest since 2022, before easing below $114, as the US and Iran showed no sign of resuming talks and reports of possible US strikes threatened the ceasefire; Brent is up 47% since the conflict began. The Sensex closed 583 points lower at 76,914 and the Nifty at 23,998, and the rupee touched 95.34 a dollar before intervention. April was still the best month since December 2023: Sensex +6.9%, Nifty +7.5%, Smallcap 100 +18.4%. Adani Enterprises (+36.9%) and Adani Ports (+26.3%) led; HCL Technologies (-10.6%) lagged.
India imports most of its crude, so a spike of this size widens the import bill and current-account deficit, weakens the rupee and lifts fuel and petrochemical costs. State-run fuel retailers such as IOC, BPCL and HPCL absorb losses while pump prices are held, and airlines, paint, tyre, plastics and chemical makers face higher input costs. IT and pharma exporters get some cushion from the weaker rupee.
Reported by Business Standard — “Markets, rupee slide as oil hits 4-year high; Brent surges to $126/barrel” ↗ on 30 Apr 2026.
NSE stocks, from the last close on or before 30 Apr 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Oil Gas & Consumable Fuels | 18 | -5.6% | 7 of 18 | -3.1 pts |
| Chemicals | 47 | -3.4% | 20 of 47 | -0.9 pts |
| Services | 30 | +7.2% | 17 of 30 | +9.7 pts |
| Automobile and Auto Components | 52 | +2.7% | 30 of 52 | +5.2 pts |
| All tracked stocks | 798 | -2.5% | 364 of 798 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Adani Enterprises Ltd. ADANIENT | ₹2,408.4 | ₹2,700 | +12.1% |
| Adani Ports and Special Economic Zone Ltd. ADANIPORTS | ₹1,657.3 | ₹1,743.2 | +5.2% |
| HCL Technologies Ltd. HCLTECH | ₹1,199.1 | ₹1,360 | +13.4% |
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