Business news · Policy & Regulation · 05 Oct 2026
IN Oil Gas & Consumable Fuels Textiles Diversified
Finance Minister Nirmala Sitharaman said in New Delhi that negotiations on a broader trade agreement with the United States are at a stage where more concessions are hard to give. The open points she described are Washington's wish to narrow a trade balance that favours India, India's request for tariff rates no worse than those of peer countries, assurances against fresh penalties after a deal, and a US law that allows tariffs of up to 100% on large buyers of Russian energy.
An interim agreement is already in place, so this is about the wider deal and the tariff rate Indian exporters end up with against competing countries. The companies exposed are export-heavy ones selling into the US, such as textile and apparel makers, and refiners that process Russian crude, which sit directly under the Russian-energy tariff clause. The comments follow the US trade representative's remark last week that a deal was close but not imminent; nothing has changed in the tariffs that apply today, so the direct effect for now is on expectations rather than on revenue.
Reported by Business Today ↗ on 05 Oct 2026.
NSE stocks, from the last close on or before 05 Oct 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Oil Gas & Consumable Fuels | 19 | +0.4% | 11 of 19 | +1.0 pts |
| Textiles | 13 | -0.7% | 5 of 13 | -0.1 pts |
| Diversified | 3 | -0.9% | 1 of 3 | -0.2 pts |
| All tracked stocks | 804 | -0.7% | 341 of 804 | — |
Dilip Buildcon is known mainly as a road contractor; a pipeline it owns and operates for 25 years brings a different kind of income, a transport tariff over time instead of a one-off construction payment, and needs the…
India imports most of its crude, so each dollar on Brent raises the import bill and the cost base of fuel retailers, airlines, paint and tyre makers, while refiners' margins move with the gap between crude and product…
Standalone refiners such as CPCL and MRPL earn the gross refining margin - the gap between crude and product prices - and have no retail pump network on which prices are held down, so a product-led rise in oil shows up…
The two reports differ by more than Rs 5,000 crore on issue size, so the price band is the figure to wait for. Either way the issue is entirely new shares: the money goes to Jio Platforms, and Reliance Industries, its…