Four oil exploration and production stocks edged higher at 10:36 IST on BSE on gain in crude oil prices.
ONGC (up 1.28% at Rs 209.30), Cairn India (up 1.06% at Rs 138.05), Oil India (up 0.35% at Rs 344) and Reliance Industries (up 0.34% at Rs 943.20) edged higher.
Meanwhile, the S&P BSE Sensex was up 350.27 points or 1.38% at 25,655.74.
Higher crude oil prices will result in higher realization from crude sales for oil exploration firms.
In the global commodities markets, Brent crude oil futures edged higher on expectations that recent supply disruptions will prompt a decline in weekly US crude inventories. Brent for July settlement was up 53 cents at $49.14 a barrel. The contract had risen 26 cents or 0.53% to settle at $48.61 a barrel during the previous trading session.
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