Oil India, ONGC, BPCL, other oil-sensitive stocks in focus as US sanctions on Russia send crude prices soaring

Shares of oil and gas firms including Oil India, ONGC, Indian Oil, and BPCL are in focus after crude oil surged over 5% overnight, heading for its strongest weekly gain since mid-June. The rally followed U.S. sanctions on Russia’s top oil producers, raising supply concerns. Analysts cite OPEC+ meetings and U.S.-India talks on Russian oil as key near-term factors.