INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Losses in shares of BPCL (down 3.25 per cent), HPCL (down 2.99 per cent) and Indian Oil Corporation (IOC) (down 2.56 per cent)
dragged the BSE Oil Gas index down in Wednesday's session.
The BSE Oil Gas index was trading 0.78 per cent down at 14,448 around 01:20 pm
Shares of Petronet LNG (down 0.90 per cent), Oil India (down 0.81 per cent) and GAIL (India) (down 0.54 per cent) too were down
However, Indraprastha Gas (up 0.91 per cent), Castrol India (up 0.85 per cent), ONGC (up 0.60 per cent) and Reliance Industries (up 0.11
per cent) were in the green, capping the fall of the sectoral index
Weak Asian cues, wobbly crude oil price and rupee's fresh fall weighed on domestic market sentiment.
Investors await index of industrial
production (IIP) for July and inflation data for August, scheduled later today, for further direction
Benchmark BSE Sensex was up 65 points at 37,478, while the NSE Nifty50 index was up 10 points at 11,297.
Among the 50 stocks in the Nifty
index, 24 were trading in the green, while 26 were in the red
In the Sensex index, 16 stocks were advancing and 15 were declining.
Sun Pharma, Powergrid and ITC were leading the pack of Sensex
gainers.
Axis Bank, Tata Motors, Mahindra Mahindra and ICICI Bank, however, were experiencing selling pressure.
