Shares of three upstream oil exploration and production firms rose 0.72% to 2.46% at 10:30 IST on BSE as global crude oil futures continue their upward trajectory.
Reliance Industries (up 0.72%), Cairn India (up 2.46%) and ONGC (up 1.64%) edged higher. Oil India (down 1.13%) declined.
Meanwhile, the S&P BSE Sensex was down 108.12 points or 0.38% at 28,691.57.
Brent crude oil futures edged lower after a sharp surge overnight. Brent for June settlement was off 18 cents at $63.14 a barrel. The contract had surged $3.51 a barrel or 5.86% to settle at $63.32 a barrel during previous trading session.
Higher crude oil prices will result in higher realization from crude sales for oil exploration firms.
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