Shares of four oil exploration and production companies rose 1.43% to 5.43% at 10:30 IST on BSE after global crude oil prices surged in the previous session.
Meanwhile, the S&P BSE Sensex was up 139.49 points, or 0.57% at 24,769.02.
Cairn India (up 5.43%), Reliance Industries (RIL) (up 1.43%), Oil India (up 3.65%), and ONGC (up 1.99%) edged higher. Higher crude oil prices would result in higher realization from crude sales for oil exploration firms.
In the global commodities markets, Brent crude oil futures edged lower. Brent for May settlement was down 63 cents at $40.21 a barrel. The contract had jumped $2.12 a barrel or 5.47% to settle at $40.84 a barrel during the previous trading session.
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