INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Losses in BPCL (down 3.39 per cent), HPCL (down 3.34 per cent) and Indian Oil Corporation (down 2.76 per cent) were keeping the
BSE Oil Gas index down during Wednesday's trade.
The BSE Oil Gas index was trading 1.02 per cent down at 14,377 around 11:30 am
(IST).
Shares of Castrol India (down 0.55 per cent), Reliance Industries (down 0.27 per cent) and Petronet LNG (down 0.11 per cent) were
also in the red.
Shares of oil marketing companies tanked amid a surge in global crude oil prices after President Donald Trump pulled the US
out of the landmark Iran nuclear deal, giving rise to the risk of conflict in the Middle East
The move may culminate into a decline in oil production by OPEC members
Oil India (up 1.08 per cent), Indraprastha Gas (up 0.45 per cent) and ONGC (up 0.11 per cent) were the three stocks in the oil gas index
that were in the green around that time
Benchmark NSE Nifty50 index was up 3 points at 10,721, while the BSE Sensex was up 36 points at 35,252.
In the Sensex index, 15 stocks were
trading with gains, while 16 were suffering losses.
