INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most oil gas stocks including Indraprastha Gas (down 1.86 per cent), Petronet LNG (down 1.20 per cent) and ONGC (down 0.88 per
cent) were incurring losses during afternoon trade on Wednesday.
The BSE Oil Gas index was trading 0.29 per cent down at 14,614 around
HPCL (down 0.80 per cent), GAIL (India) (down 0.58 per cent), Indian Oil Corporation (down 0.43 per cent) and Castrol India (down 0.06 per
cent) also were in the red in the index.
BPCL (up 0.98 per cent), Reliance Industries (up 0.31 per cent) and Oil India (up 0.09 per cent)
were the three stocks that were up in the oil gas index around that time
India's oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to
data from shipping and industry sources, despite the threats of fresh US sanctions
Sustained buying in IT, bank and pharma stocks were keeping the equity benchmarks in the higher terrain.
The BSE Sensex was up 112 points
at 35,804, while the NSE Nifty50 index was up 29 points at 10,872
In the Sensex index, 21 stocks were advancing while 10 were declining.
Dr Reddy's Labs, Tata Consultancy Services and Sun Pharma were
leading among Sensex gainers.
However, Tata Steel, Hindustan Unilever and Bharti Airtel were among the top losers in the Sensex index.
