NEW DELHI: Shares of a majority of oil marketing companies (OMCs) were subdued in afternoon trade on Monday.The BSE Oil Gas index was trading 0.66 per cent down at 14,996 around 12:50 pm.
Indraprastha Gas (down 2.76 per cent), BPCL (down 2.23 per cent), HPCL (down 2.17 per cent), Indian Oil Corporation (down 1.74 per cent) and ONGC (down 1.51 per cent) were the top losers in the oil gas index.Castrol India (down 1.24 per cent), Reliance Industries (down 0.44 per cent) and Oil India (down 0.16 per cent) too were in the red.However, GAIL (India) (up 4.19 per cent) jumped over 4 per cent, buoyed by a jump in profit for June quarter.State-run natural gas utility GAIL (India) on Friday posted a 23 per cent jump in net profit for the quarter ended June 2018 at Rs 588 crore on the back of increased earnings from petrochemical and gas marketing business.Benchmark BSE Sensex was 129 points down at 37,741, while the NSE Nifty50 index was down 40 points at 11,390.Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
In the Sensex index, 15 stocks were advancing, while 16 were incurring losses.Vedanta, State Bank of India and YES Bank were leading among Sensex losers.