Indian energy stocks lead sector gains; crude spike lifts power demand outlook

Adani Total Gas

12/03/2026 07:56

** India's Nifty Energy index .NIFTYENR up 2%, top gainer among 16 major sectors and set to rise for third straight session

** Index trading higher despite broader market weakness as oil prices soar amid Mideast crisis; benchmark Nifty 50 .NSEI down 0.57%

** Index heavyweight Reliance Industries RELI.NS up ~1%

** Early summer coupled with disruption in crude oil and gas supply is likely to lead to increase in grid power demand and this is acting as a tailwind for entire power sector - Sunny Agrawal, head of fundamental equity research at SBICAPS Securities

** Coal India COAL.NS, which accounts for about three-quarters of India's coal output, is up 4% on expected demand surge amid Mideast turmoil

** Adani Total Gas ADAG.NS and JSW Energy JSWE.NS are the top pct gainers on the energy index

** YTD, NIFTYENR up ~4%, Nifty 50 down ~9%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))