NEW DELHI: The BSE Oil Gas index was trading 0.11 per cent up at 14,352 around 01:30 pm on Tuesday, backed by gains in Reliance Industries (RIL) (up 1.34 per cent), Petronet LNG (up 0.83 per cent) and HPCL (up 0.40 per cent).On the other hand, Indraprastha Gas (down 2.35 per cent), GAIL (India) (down 1.09 per cent) and Castrol India (down 1.05 per cent) were the top losers in the oil gas index.Oil India (down 0.62 per cent), BPCL (down 0.22 per cent), ONGC (down 0.12 per cent) and Indian Oil Corporation (down 0.09 per cent) were also under pressure.
Investors were holding their bets as the RBI's Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time in over four years on account of firming inflation.Benchmark NSE Nifty50 index was down 37 points at 10,591, while the BSE Sensex was 78 points down at 34934.Among the 50 stocks in the Nifty index, 13 were trading in the green, while 36 were in the red.
In the Sensex index, 11 stocks were up, while 20 were down.Maruti Suzuki, Hindustan Unilever and Sun Pharma were among the top gainers in the Sensex index.Bharti Airtel was trading with a loss of 3 per cent in the Sensex index.
The telecom player is in advanced talks with US telecom major Verizon for a broad partnership around Internet of Things (IoT).