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Stock market update: Oil gas index slips; ONGC top drag

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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 01:05 pm.

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.




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Stock exchange update: Oil gas index slips; ONGC leading drag
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 percent) were incurring losses during afternoon trade on Wednesday. The BSE Oil - Gas index was trading 0.29 percent down at 14,614 around 01:05 pm. HPCL (down 0.80 percent), GAIL (India) (down 0.58



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