📉 NIFTY Oil & Gas Index Slides Sharply on Global and Market Cues

The NIFTY Oil & Gas index declined 5.76% on a weekly basis ending January 9, 2026, weighed down by broader market weakness and sector-specific pressures, including nervousness ahead of global cues like US–Venezuela tensions and warnings around Russian oil flows. Stocks in the space saw notable weakness: Reliance Industries was down -7.48%,

(-9.5%), (-7.3%), and -7.16% over the same period. Investors appeared cautious as geopolitical developments continued to sway sentiment in energy-linked equities, contributing to the weekly underperformance of the index without implying any future price direction. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.