Equities in the oil and gas sector suffered heavy selloff today as crude oil prices fluctuated much due to mixed signals by global supply and demand balances. Downward movements were recorded for key players including Reliance Industries Ltd, ONGC, Oil India Ltd with their share falling by between 2 – 4%.

The recent instability of crude oil price is due to many factors such as decision of OPEC+ about production and output, tension about the growth of the global economy, and geopolitical issues in the oil producing nations. Experts added that volatility in oil prices will continue to remain a feature over the next few months and may negatively impact energy companies.

Joining the increase in pressure on legacy-generation energy players, the EV makers and associated parts providers had their shares up today as investors continue to pour money into electric transportation plays. The domestic electric vehicle market leader, Tata Motors Limited on a raised in its share price by more than 5% after disclosing the fact that they are planning to scale up the manufacturing of electric vehicles and also venturing in launching new models in different segments.

The management of the company also has proposed optimism to the future EV market in India due to the favorable government policies, and change in the consciousness of people to environmental challenges. Other related industries such as battery and charging solutions suppliers also shot up as investors expected the industry to expand in the future.

The relative performance between oil stock and EV related companies is further indicative of the ongoing rotation in investor’s portfolio towards more sustainable and green industries. This is being enhanced through the environmental compliance regulations, consumer preferences, together with the cost element of RE technologies.

But, some of the market analysts stressed that, the transition to non-fossil fuel sources is going to be slow and that the traditional fossil energies would still be the key drivers for supplying energy needs of the world for a long time. It was urged that investors should stay diversified and active across established and new epochs of energy in this particular industry.

Other markets are also doing not very well or, on the contrary, performing well due to new regulations and announcements of the companies of the pharmaceuticals market today. Dr. The shares of Reddy’s Laboratories surged more than 3% on inauguration as the U.S. Food and Drug Administration approved of a copycat diabetes drug.

On the same note, Aurobindo Pharma was on the selling side of the equation its stock falling about 2% after the firm revealed that one of the manufacturing facilities would not be meeting its compliance issues as soon as was anticipated. These divergent movements in pharma stocks point towards the fact that performance of a stock in pharmaceuticals depends more on the company fundamentals and regulatory environment prevailing or to be prevailed in the country in which it operates.

During the trading session, the major focus was with regard to important global statistics that are due in the next coming weeks as well as the central bank policy meetings. They are anticipated to help to shed more light on global economic prospects and monetary policy direction which might have implications on investors’ sentiment and portfolios. At the same time, regards the functioning of the stock market and its current state, experts recommended customers refer to industry reports, sector indices, as well as the stability of spread-betting portfolios.