Both indices <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> opened the day in greens. As of 9:30 am, Nifty was up by 0.34%, trading at 24,488 points, while Sensex inched up 167 points to trade at 80,206.95 points. All broad market indices opened the day in green, except for India VIX, which fell by over 3% in early trade. Metal and IT indices inched up over 1%, while bank, FMCG and private bank opened in red. <keyword id="22163816" type="General" weightage="20" keywordseo="shri-ram-finance" source="keywords">Shri Ram Finance</keyword>, Bharti Airtel, LTI Mindtree, Hindalco and Coal India gained early advantage in morning trade today, while Tech Mahindra, Nestle India, HDFC Bank, Maruti and ONGC lost significant ground. Mr. Aditya Gaggar, director of Progressive Shares notes that the monthly expiry day yesterday ended on a muted note at 24,406. The level of 24,200 is acting as rock-solid support for the Index and as long as the index holds it, the uptrend will remain intact. On the flip side, a level of 24,560 is considered an immediate hurdle. Bank Nifty is a major laggard and recovery in it seems slightly difficult. "On the downside, 50DMA level i.e. 50,680 is immediate support while on the higher side, multiple hurdles are there with 51,200 being the primary one. From the <keyword id="22551519" type="General" weightage="20" keywordseo="Auto-segment" source="keywords">auto segment</keyword>, both <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> and Tata Motors DVR have ended their consolidation of over 4 months by giving a breakout with considerable volumes. <keyword id="22551518" type="General" weightage="20" keywordseo="Gas-and-OMCs-stocks" source="keywords">Gas and OMC's stocks</keyword> from the energy segment look strong and a couple of counters have already given a strong breakout (<keyword id="19908646" type="General" weightage="20" keywordseo="BPCL" source="keywords" meta.keywordsubtype="org" meta.entityname="BPCL" meta.hostid="261" meta.entityid="BPCL">BPCL</keyword>, HPCL, IOC- On the verge of consolidation breakout, Petronet- Record Level Breakout). The FMCG counters are witnessing a round of profit booking but the overall uptrend is intact and such correction will offer a better entry point to add good quality stocks. We continue to remain bullish on the tech sector", he continued

Stock market today: Sensex, and Nifty see cautious greens on opening on July 26th

<keyword id="19964206" type="General" weightage="100" keywordseo="sugar-stocks" source="keywords">Sugar stocks</keyword> were in the limelight on Friday, a day after the government permitted the use of <keyword id="21250424" type="General" weightage="20" keywordseo="sugarcane-juice" source="keywords">sugarcane juice</keyword> and <keyword id="22572023" type="General" weightage="20" keywordseo="sugar-syrup" source="keywords">sugar syrup</keyword> for <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> in the 2024-25 ethanol supply year (ESY). Shares of <keyword id="22132945" type="General" weightage="20" keywordseo="Triveni-Engineering" source="keywords">Triveni Engineering</keyword> &amp; Industries jumped 7.62 per cent, <keyword id="20207681" type="General" weightage="20" keywordseo="Dhampur-Sugar" source="keywords">Dhampur Sugar</keyword> Mills rallied 7.55 per cent, <keyword id="22979412" type="General" weightage="20" keywordseo="Avadh-Sugar-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="Avadh Sugar &amp; Energy" meta.hostid="261" meta.entityid="Avadh Sugar &amp; Energy">Avadh Sugar &amp; Energy</keyword> zoomed 7.20 per cent and <keyword id="22979413" type="General" weightage="20" keywordseo="Dalmia-Bharat-Sugar" source="keywords">Dalmia Bharat Sugar</keyword> and Industries surged 5.79 per cent on the BSE. The stock of <keyword id="20682741" type="General" weightage="20" keywordseo="Shree-Renuka-Sugars" source="keywords" meta.keywordsubtype="org" meta.entityname="Shree Renuka Sugars" meta.hostid="261" meta.entityid="Shree Renuka Sugars">Shree Renuka Sugars</keyword> climbed 5.38 per cent, Praj Industries soared 5.33 per cent, Dwarikesh Sugar (3.77 per cent) and Balrampur Chini Mills (3.46 per cent). "This spike followed the government's decision to allow sugar mills to use cane juice or syrup to produce ethanol for the ethanol supply year (ESY) 2024-25," Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox, said. The government on Thursday permitted the use of sugarcane juice and sugar syrup for ethanol production in the 2024-25 ethanol supply year, reversing last year's ban. In December 2023, the government prohibited the use of sugarcane juice or sugar syrup for ethanol production in the 2023-24 ESY (December-November) to ensure adequate sugar availability for domestic consumption and keep prices in check. "Sugar mills and distilleries are allowed to produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses as well as C-Heavy molasses for ESY 2024-25 as per the agreement/allocation with OMCs (oil marketing companies)," the food ministry order said. The Food Ministry and Petroleum and Natural Gas Ministry will periodically review the diversion of sugar for ethanol production vis-a-vis sugar production in the country to ensure year-round availability of sugar for domestic consumption, it added. India is the world's second largest sugar producing country after Brazil.

Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

<keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> dipped over 250 points in early trade today to trade at 24,213.70 points, while <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> was down by 0.34% to trade at 24,213.70 as of 9:40 am on August 8th, 2024. <keyword id="20114187" type="General" weightage="20" keywordseo="Cipla" source="keywords" meta.keywordsubtype="org" meta.entityname="Cipla" meta.hostid="261" meta.entityid="Cipla">Cipla</keyword>, ITC, Tata Motors, HDFC Bank, and Dr Reddy gained an early edge during trade, while ONGC, Shri Ram Finance, JSW Steel, Infosys and BPCL dipped by over 1% each, and were amidst the leading laggards. Almost all broad market indices were trading in red, incurring marginal losses, with the exception of India VIX, which inched up by 2.42%. Amidst <keyword id="21114756" type="General" weightage="20" keywordseo="sectoral-indices" source="keywords">sectoral indices</keyword>, media, pharma, realty, healthcare and consumer durables were trading in green, while other indices were trading in red. Aditya Gaggar, director of Progressive Shares noted that Indian equities ended 7th August trade higher at 24,297. After 2 days of correction, Nifty50 has formed a green candle but its long-legged DOJI pattern still indicates indecisiveness. As long as the Index holds its support level of 23,960, it can soar higher to 24,550 followed by 24,700. " From the Energy sector, we retain our positive stance on OMC stocks (BPCL &amp; HPCL), Gas stocks are also indicating a continuation of their uptrend. Stock-specific buying can be seen in the FMCG segment (<keyword id="20648052" type="General" weightage="20" keywordseo="balrampur-chini" source="keywords">Balrampur Chini</keyword> and HUL, ITC). A strong trendline reversal was seen in the <keyword id="20458349" type="General" weightage="20" keywordseo="metal-sector" source="keywords">metal sector</keyword>, activity of today's trade will confirm the continuation or reversal of the trend. The <keyword id="20072634" type="General" weightage="20" keywordseo="pharma-stocks" source="keywords">pharma stocks</keyword> are soaring higher and we are bullish on several stocks namely Alkem, IPCA Labs, and <keyword id="20825787" type="General" weightage="20" keywordseo="natco-pharma" source="keywords">Natco Pharma</keyword>. Investors should keep an eye on the chemical and textile segment", he continued. Said Shrikant Chouhan, Head Equity Research, Kotak Securities, "unless Nifty/Sensex breaks 24,400/79,900, the broader market will remain within a trading range, between 23,900/78,300 and 24,400/79,900 levels. We believe 24,150/79,150 could be the crucial support zone for day traders. As long as the market stays above this level, the upward movement is likely to persist. On the upper side, Nifty could rise to 24,400-25,550/80,000-80,450. On the contrary, below 24,150/79,150, it may retest 24,050-23,900/78,800- 78,300 levels. A drop below 23,900/78,300 could push the indices to 23,650/77,500 levels. The strategy should be to buy Nifty if it crosses 24,400 levels".

Stock market today: Sensex dips over 250 points, Nifty also opens in red on August 8, 2024

Both indices, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> opened the week in green, with Sensex inching up over 300 points to trade at 81,635.77, while Nifty was up by 0.33% to trade at 24,917.85 points as of 9:30 am on July 29th, 2024. NTPC, BPCL, IndusInd Bank, ICICI Bank and Shri Ram Finance gained early advantage and were amidst the top gainers during morning trade, while <keyword id="20204400" type="General" weightage="20" keywordseo="tata-consumers" source="keywords">Tata Consumers</keyword>, Titan, Power Grid Corporation of India and Bharti Airtel were amidst the leading laggards. Amidst broad market indices, India VIX opened 5.26% up, while Nifty small cap 100 was up by 1.07%. Small cap 250 was up by 1.11% and micro cap was up by 1.31%. Amidst sectoral indices, Nifty bank was up by 1.01%, while media was up by 1.78%. PSU Banks were up by 2.78%, Private banks were up by 1.03% and Oil and gas was up by 1.23% in early trade. FMCG, <keyword id="19933821" type="General" weightage="20" keywordseo="pharma" source="keywords">Pharma</keyword> and Healthcare indices opened the day in red. Mr. Aditya Gaggar, director of Progressive Shares notes that with strong underlying momentum, the <keyword id="20024474" type="General" weightage="20" keywordseo="Index" source="keywords">index</keyword> is heading towards the psychological barrier of 25,000 and an early indication from GIFT Nifty suggests the same. "Bharat Forge, and Tata Motors/DVR. Gas and OMC counters outperformed the energy segment and stocks such as BPCL, HPCL, IOC, and Petronet look strong and are likely to continue their journey toward the north. <keyword id="19962351" type="General" weightage="20" keywordseo="Bulls" source="keywords">Bulls</keyword> tightened their grip on the FMCG and IT segments and we are bullish on the same. The metal sector reversed from its trendline support coupled with a hidden bullish divergence in the RSI suggests a resumption of its uptrend. In case of Pharma space, one should adopt buy on dips strategy as a strong rally has already been seen", he continued. Shrikant Chouhan, Head – Equity Research, Kotak Securities is of the view that, the short term market texture is bullish but due to temporary overbought conditions we could see range bound activity in the near future. "For the trend following traders now, 24,675-24,600 / 80,900-80,600 would act as a key support zones. As long as the market is trading above the same, the bullish texture is likely to continue. On the higher side, 25,000/81,600 could be the immediate hurdle for the bulls. Further upside may also continue which could lift the market up to 25,150/82,200. On the flip side, below 24,600/80,600 the sentiment could change. Below the same traders may prefer to exit out from the trading long positions. For day traders, buying on dips and sell on intraday rallies would be the ideal strategy", noted Chouhan.

Stock market today: Sensex inches up over 300 points in early trade, Nifty opens in green

<ul><li>Most PSU oil stocks gave over 60% returns in the last one year with the exception of ONGC and BPCL.</li><li>ONGC and OIL stock is trading at a discount to international peers in spite of its recent run-up.</li><li>Analysts are divided on GAIL as its petchem capex and losses are a cause of concern.</li><li>OMCs like Indian Oil, HPCL and BPCL have closed the valuation gap and a rally is unlikely from hereon, believe brokerages. </li></ul>Few stocks can claim to have juice left as markets hit staggering heights as 2023 bid goodbye. Public sector unit or PSU oil stocks like ONGC, OIL and GAIL are a rare few which still hold value. Thanks to production expansions, regulatory consistency and more the government owned companies are set to better days ahead. Most of the oil stocks have given over 60% returns in the last one year, with the exception of BPCL and ONGC. Yet, the upstream companies especially are trading at a discount, claim brokerages. Thus, going ahead, Antique Stock Broking believes that ONGC and Oil India remain among the cheapest upstream stocks globally despite a rally in the last six months. “We believe the current valuations do not fully reflect the jump in realization of both oil and gas over the last 6-18 months and the resultant cash flow,” it said. Both the companies are expected to see significant free cash flows starting FY24, after the gas prices increased via Administered Pricing Mechanism by the government. Not only will it improve margins, but improved price realization would lead to much more attractive returns on their annual capex. “We believe positive momentum in the upstream sector would be led by a shift towards companies with undemanding valuation, while we find fundamental support led by steady earnings and cash flows on the back of regulatory consistency, stable commodity prices, and margins and triggers in the core production outlook,” said a report by Emkay. The long-term fundamentals of the stocks are intact say analysts even as government's changes in windfall tax might cause shortt-term movements. ONGC &amp; OIL: The production rise Oil India’s production has already increased in the current financial year, while ONGC is expected to commission KG 98/2 gas fields soon. There are other production increases planned as well. ONGC targets to increase production to 50mmtoe by FY28 from 40mmtoe in FY23. It will be driven by 23 ongoing projects, with a total capex of ₹60,000 crore. Oil India’s production increase plans will commence sooner as it expects IndraDhanush Gas Grid (IGGL) to be completed by March 24. Apart from increased production, it also aims to secure a premium pricing for its gas, adding to the stock’s appeal. “The management expects to secure a 20% premium on the current gas pricing formula for gas produced through new wells. The company is confident that wells utilizing IOR/EOR techniques will also qualify for the 20% premium, provided the company meets the minimum threshold achieved in the last decade,” said a report by Motilal Oswal. Moreover, dividend yield of both these companies is also good – at around 5-6%, beating their PSU peers who average at around 4%. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year returns </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">36.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OIL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">76% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GAIL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">72.9% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Oil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HPCL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">68% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: BSE GAIL: Value unlocking in offing On GAIL, which too is an upstream company, analysts are divided. The stock has seen a good run-up with the rise in oil prices last year, but did not see a fall when these crude prices fell. That’s due to the company’s plan to achieve transmission volume of 130-132 mmscmd by FY25. “The stock has been even stronger due to optimism of higher transmission volumes. We believe that despite the recent strong gas consumption data, India’s medium-term gas demand outlook is weak and LT (low temperature) outlook is even weaker,” said a report by Kotak Institutional Securities. Added to that, its petchem business delivered losses for the fifth consecutive quarter in Q2. Its LPG business is expected to return to profitability in the second half of the current financial year but losses could also come back during the summers, worry analysts. “Despite weak profitability, GAIL’s further large capex in petchem has been a key worry,” says Kotak. Sharekhan however believes that GAIL can post a strong earnings recovery over FY23-26, across business segments supported by stabilising global LNG supplies and improving price environment for its commodity businesses. It identifies other triggers for the stock price too, like value unlocking. “GAIL is evaluating for monetization of city gas distribution CGD assets and the same helps to unlock value from its stake in GAIL Gas,” said Sharekhan. OMCs: Capacity expansions too far in the future Oil marketing companies like Indian Oil, HPCL and BPCL on other hand too are planning capacity expansions. But only HPCL’s is likely to see benefit of volume growth over FY24-FY26 due to the expansion of its Visakh refinery, and petchem expansion at subsidiary, HMEL Bhatinda. IOCL is implementing refinery and chemicals expansion projects, but its volume growth is likely to flow through after FY26. BPCL’s volume growth from petrochemical expansion at Bina and Kochi can be visible only after FY28. OMC stocks have been gaining momentum due to fall in crude oil prices, but most experts see prices inching up to $80/barrel on account of geopolitical tensions. Brokerages believe that a further rally from the current prices for these stocks is unlikely. “We acknowledge that a higher discount on Russian crude is not likely and that proximity to general elections will limit any near-term upside to marketing margins despite moderation in crude oil prices,” said a report by Bob Caps.

State-owned oil stocks have more juice left in the barrel

<ul><li>OMC stocks (HPCL, BPCL and IOC) down around 3% in morning trade.</li><li>Adani Ports opens 3% down due to the ongoing war in <keyword id="6355882" type="General" weightage="20" keywordseo="israel" source="Orion">Israel</keyword>.</li><li> <keyword id="88972" type="General" weightage="20" keywordseo="it-stocks" source="Orion">IT stocks</keyword> buck the trend and see green on Nifty50.</li></ul> Its Monday blues on Dalal Street as both the benchmarks, the <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword> and the <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword>, opened trade with sharp cuts as the conflict between Israel and Palestine intensified resulting in crude prices shooting up almost 4%. The Israeli government has formally declared war on Hamas, after more than 600 Israelis were killed over the weekend in a shocking cross-border raid. The Nifty 50 opened 0.58% lower at 19,539 while the Sensex opened over 400 points lower at 65,560. The Nifty Bank was also down 300 points at 44,057. The midcap and the smallcap indices also saw 1% shaved off. At the time of The laggards in morning trade, expectedly, are the OMC (oil marketing companies) stocks falling between 2.5 to 3%. Infact, 48 out of the 50 Nifty companies opened lower with ONGC and TCS as the only two exceptions in the green. Amongst largecaps, Adani Ports, BPCL, Adani Enterprises, Asian Paints and State Bank of India are the biggest losers. IT stocks – HCL Tech and TCS the top gainers with auto stocks, Eicher and bajaj Auto keeping them company. At the start of the trading session, the Sensex opened 494.23 points lower, commencing at 65,486.61. Simultaneously, the Nifty opened 161.45 points down, initiating trading at 19,492.05. Global uncertainties, coupled with the ongoing tensions in <keyword id="39746" type="General" weightage="20" keywordseo="gaza" source="Orion">Gaza</keyword>, contributed to the market's weak opening. Nifty opened with a gap down, setting crucial levels for bullish momentum above 19,767. Despite two unsuccessful attempts to breach these levels, the overall market sentiment remained bullish. Varun Aggarwal, founder and managing director, Profit Idea, said, "Global worries along with tension at Gaza making market sentiments really weak on opening. Nifty opened gap down and crucial levels for bulls to maintain bullish momentum is above 19767. Market made two attempts but unsuccessful. But overall picture remains bullish. Indian economy stand tall and look quite strong going forward. Major support for index remains at 18887". The Indian economy continues to exhibit strength, providing confidence for the future. The major support level for the index remains at 18,887, providing a potential buying opportunity for investors. Market experts suggest that investors should consider selectively picking stocks in sectors such as IT, Media, Oil and Gas, Petrochemicals, and Metals. Additionally, there is significant potential for mid and small-cap stocks at current levels. "This dip look likely opportunity for investors. IT, Media, Oil &amp; Gas, Petrochemicals, Metals stocks looks good. Lot of scope for mid and small cap stocks from current levels. Investors should selectively pick stocks for medium to long term. OI data for Nifty suggests range of 19200-19800. Heavy put writing at 19000-19200 levels. Bias remains positive and these tensions will be temporary. Investors should not panic &amp; think about next few months", said Aggarwal. Options interest (OI) data for Nifty indicates a trading range between 19,200 and 19,800, with heavy put writing observed at 19,000-19,200 levels. Despite the temporary tensions affecting market sentiment, the overall bias remains positive. Experts advise investors not to panic and maintain a long-term perspective, focusing on the next few months with optimism about the Indian economy's resilience.

You Searched For "Gas and OMC s stocks" and got 6 results

Stock market today: Sensex, and Nifty see cautious greens on opening on July 26th

Ira Alok Puranik

Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

PTI

Stock market today: Sensex dips over 250 points, Nifty also opens in red on August 8, 2024

Ira Alok Puranik

Stock market today: Sensex inches up over 300 points in early trade, Nifty opens in green

Ira Alok Puranik

State-owned oil stocks have more juice left in the barrel

Katya Naidu

Nifty, Sensex see red amidst Gaza tensions; IT stocks buck the trend

BI India Bureau