Shares of six state-run oil and gas firms rose 0.09% to 13.04% at 15:11 IST on BSE as global crude oil prices declined.
Meanwhile, the S&P BSE Sensex was down 826 points or 2.38% at 33,934.89
Shares of state-run oil marketing companies (PSU OMCs) surged. HPCL (up 13.04%), Indian Oil Corporation (up 5.39%) and BPCL (up 4.83%) edged higher.
Stocks of state-run oil exploration and production firms rose. ONGC (up 2.62%) and Oil India (up 0.09%) edged higher. Shares of state-run gas transmission major GAIL (India) rose 3.65%.
In the global commodities markets, Brent for December settlement was currently down $1.55 a barrel at $81.54 a barrel, after closing 2.25% lower on Wednesday. Oil prices fell to two-week lows on Thursday as it extended big losses from the previous session amid a rout in global stock markets, with prices also hit by an industry report showing US crude inventories rose more than expected.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app