INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of most oil marketing companies (OMCs) were in the positive territory in afternoon trade on Monday amid easing global
crude oil prices.
The BSE Oil Gas index was trading 1.26 per cent up at 14,951.78 around 02:40 pm
Petronet LNG (up 3.51 per cent) and ONGC (up 3.16 per cent) were the top gainers in the oil gas index.
Indraprastha Gas (up 2.54 per
cent), Reliance Industries (up 2.54 per cent), Castrol India (up 1.64 per cent) and HPCL (up 1.40 per cent) climbed significantly.
Oil India
(up 0.71 per cent) and BPCL (up 0.36 per cent) too were in the green
However, shares of GAIL (India) plunged over 3 per cent, while Indian Oil Corporation (down 0.28 per cent) declined marginally
Equity market was trading higher on gains in most sectors, barring IT and consumer durables.
Positive global cues and a fresh rise in the
Indian rupee against the US dollar too influenced the sentiment.
Benchmark BSE Sensex was up 367.51 points at 38,315.39, while the NSE
Nifty50 index was up 84.30 points at 11,555.05
Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red
In the Sensex pack, 26 stocks were advancing and 5 were declining
Larsen Toubro, Reliance Industries and HDFC twins were among the top contributors to the rally in the Sensex index.
