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Market Now: Oil stocks down; HPCL, RIL, ONGC slip over 1%

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NEW DELHI: Oil gas stocks HPCL (down 1.41 per cent), GAIL (India) (down 1.10 per cent), Reliance Industries (down 1.08 per cent) and ONGC (down 1.07 per cent) declined over 1 per cent during Monday's trade. The BSE Oil Gas index was trading 0.82 per cent down at 14,546 around 12:55 pm (IST). Shares of Castrol India (down 0.78 per cent), Indian Oil Corporation (down 0.76 per cent), BPCL (down 0.44 per cent) and Oil India (down 0.41 per cent) were also in the red.

However, shares of Indraprastha Gas (up 0.46 per cent) were trading with mild gains around that time. Equity benchmark continued trading in the negative zone amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The NSE Nifty50 index was down 12 points at 10,468, while the BSE Sensex was 69 points down at 34,124. Among the 31 stocks in the Sensex index, 17 were trading in the green, while 14 were in the red.

Mahindra Mahindra, Asian paints and hero MotoCorp were the top gainers in the Sensex index. Shares of Tata Motors, on the other hand, were down almost 5 per cent on reports of subdued sales and job cut.




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