fireboltt [03-Dec-2025] – User: OilWatcher007 “Crude oil prices jumped 6% last 2 days — geopolitical tensions + OPEC cuts rumours. With rupee also depreciating vs USD, I expect Indian refiners like ONGC / Reliance Industries to rally — export margins will improve. Anyone thinking of buying now for next 3–4 months?”
fireboltt Reply – User: MacroBee “Likely true. Reliance refinery + petrochemicals margin usually benefits when Brent above 80–85 USD and rupee weak. But risk: global demand softening or crude price crash after geopolitical calm. I’m adding some ONGC near 200–205, keeping stop-loss strict.”
fireboltt Reply – User: DividendHunter “If you’re income-oriented, ONGC still gives good dividend yield — so worth holding. For Reliance, better wait for Q3 result (likely Feb 2026) to see how domestic demand & rupee impact their numbers.”
fireboltt Reply – User: RiskAware “Refiners also face risk of govt regulation/fuel-price cap or environmental norms. Don’t gamble too big. Maybe modest exposure + diversify across sectors is safer.”