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Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India.Oil prices reached their highest level in over three months, driven by concerns that U.S. sanctions on Russia could lower its oil output. Goldman Sachs suggested that Brent prices could rise above $85 per barrel if Russian production declines further. The bank also noted that prices might touch $90 per barrel if the drop in Russian output coincides with reduced production from Iran.U.S. President Joe Biden introduced the broadest sanctions package targeting Russia's oil and gas revenues last Friday. These sanctions are intended to weaken Russia's economy amid the ongoing conflict in Ukraine. Traders and analysts predict that these measures may compel Chinese and Indian refiners to source more oil from regions like the Middle East, Africa, and the Americas, leading to higher oil prices and increased freight costs.Despite the potential for a price spike, Goldman Sachs maintains its base case scenario that Brent crude prices will stay within the $70 to $85 per barrel range this year.Also Read: Why market is falling today: Investors lose over Rs 5 lk cr; 8 factors fueling Sensex crashBrent crude futures rose $1.35, or 1.69%, to $81.11 per barrel, reaching an intraday high of $81.44, the highest since August 27. U.S. West Texas Intermediate (WTI) crude climbed $1.40, or 1.83%, to $77.97 per barrel, hitting a high of $78.32, the highest since October 8.Following these developments, shares of oil marketers Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC), and Bharat Petroleum Corporation (BPCL) dropped 4-6.3%. Airline stock InterGlobe Aviation fell 5.14%.Meanwhile, tyre manufacturers such as Apollo Tyres and JK Tyres declined 2-4%, with paint companies Kansai Nerolac, Grasim Industries, and Asian Paints falling over 3%, as crude oil prices significantly impact their input costs, affecting margins.Also Read: Q3 results this week: RIL, Infosys, Jio Finance, Kotak Bank among 101 companies to announce earnings(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

The shares of Standard Glass Lining will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 50 in the grey market.Considering the upper price band of Rs 140, the stock is expected to list at a premium of 36% over the issue price.However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.The IPO of Standard Glass Lining, which is a fresh equity sale worth Rs 210 crore and an offer for sale (OFS) of Rs 200 crore, received overwhelming response from investors with an overall subscription of 185 times at close.Standard Glass Lining Technology (SGLT) is one of India’s top five specialized engineering equipment manufacturers for the pharmaceutical and chemical sectors. SGLT offers in-house capabilities across the entire value chain, providing core equipment used in pharmaceutical and chemical product manufacturing.Its portfolio includes reaction systems, storage, separation and drying systems, and plant engineering services. The company ranks among India’s top three manufacturers of glass-lined, stainless steel, and nickel alloy-based equipment, as well as PTFE-lined pipelines and fittings.The company's capabilities include designing, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis required in the active pharmaceutical ingredient (API) and fine chemical products and have supplied over 11,000 products over the last decade.SGLT has a diversified customer base including end users operating in a range of sectors across pharmaceutical, chemicals, paint, biotechnology and food and beverages and its marquee customer base includes 30 out of approximately 80 pharmaceutical and chemical companies in NSE500 index, as of June 24.On the financial front, the company's numbers have doubled over the past three years with increase in revenue from Rs 240 crore in FY22 to 544 crore in FY24 which grew by a CAGR of 50.4% while EBDITA and profit also grew in the same range as there was some bout of borrowings with increased interest costs with respect to expansion in separation and drying systems.

Equity indices nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and quarterly earnings sapped risk appetite.Stocks that were in focus include names like KPIT Tech, which fell 4.8% and IndusInd Bank, which declined 4.2% and Just Dial, whose shares dropped 3.8% on Friday.Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.IndusInd BankAs the market continues its downward trend, IndusInd Bank has emerged as one of the most underperforming stocks, declining nearly 30% over the past three months. The weak structure remains evident, with the nearest support level at 920 and a major support level at 820.Any pullback rally is likely to encounter resistance around the 20-day moving average (20 DMA), currently positioned at ₹966. The overall trend will only show signs of reversal if the stock regains the 1,000 mark.KPITThe stock has broken down below a trend line support, indicating weakness in the current structure as it trades below all major moving averages. The critical support zone lies between 1290-1300, which will be pivotal for the stock's future direction. If the price holds above this level, it could signal potential reversal.On the upside, the first resistance is at 1434, where the 50-day moving average (DMA) is currently positioned. A break above this level could lead to a move towards the next key target at 1600, where the 200-day moving average is located. A break above this level could pave the way for a move towards the next key target at 1600, where the 200-day moving average is positioned, representing a crucial point for the stock's medium-term potential.Just DialThe stock is currently trading within a range, following a pattern of lower lows and lower highs on the daily time frame. It is situated between key moving averages, with 1020 acting as immediate support, coinciding with the 20-day moving average (DMA).On the upside, 1100 serves as a significant resistance level, where the 200, 100, and 50 DMAs converge. A break above 1100 would signal the potential for a bullish move, targeting the next resistance at 1166.On the downside, 1000 is a crucial make-or-break zone; a breakdown below this level could trigger further weakness, potentially driving the stock towards the 920 level.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)