Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.</li>
<li>In this insight, we are presenting our final expectations for ADDs and DELs for the March 2025 index rebal event.</li>
<li>We see two changes for NIFTY 50 and four changes for NIFTY 100. We expect the results to be announced in the next few days.</li>
</ul>


NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
In this insight, we are presenting our final expectations for ADDs and DELs for the March 2025 index rebal event.
We see two changes for NIFTY 50 and four changes for NIFTY 100. We expect the results to be announced in the next few days.


Quiddity Leaderboard NIFTY Mar 25: Final Expectations; Expected DELs Could Underperform Index

Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Global base oils prices stay firm vs feedstock/competing fuel prices.</li><li>Firm base oils margins point to tight supply and strong demand.</li><li>Firm base oils margins incentivize refiners to raise base oils output.</li></ul>

Global base oils prices stay firm vs feedstock/competing fuel prices.Firm base oils margins point to tight supply and strong demand.Firm base oils margins incentivize refiners to raise base oils output.

Global base oils margins outlook: Week of 21 April

<ul><li>Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.</li><li>Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.</li><li>Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.</li></ul>

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.

Global base oils arb outlook: Week of 21 April

<ul><li>Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.</li><li>Firm margins point to tight supply-demand fundamentals.</li><li>Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.</li></ul>

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.Firm margins point to tight supply-demand fundamentals.Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.

Asia base oils supply outlook: Week of 21 April

<ul><li>Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.</li><li>Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.</li><li>High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.</li></ul>

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.

Asia base oils demand outlook: Week of 21 April

India

Bharat Petroleum Corporation Limited explores for and refines crude oil. The Company manufactures petroleum, petroleum products, lubricants, liquefied petroleum gas, aromatics like benzene and toluene, and other related products. Bharat has retail outlets throughout the country.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bharat Petroleum Corp (BPCL IN)

Quiddity Leaderboard NIFTY Mar 25: Final Expectations; Expected DELs Could Underperform Index

The NIFTY 50 and NIFTY 100 expected DELs have been underperforming the NIFTY 50 index over the last few months and that could continue over the...

Janaghan Jeyakumar, CFA

Global base oils margins outlook: Week of 21 April

Global base oils prices stay firm vs feedstock/competing fuel prices. Firm base oils margins point to tight supply and strong demand. Firm base...

Base Oil News

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Asia base oils supply outlook: Week of 21 April

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower. Firm margins point to tight supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)