Stock prices of two oil exploration and production firms edged lower and two others rose at 14:40 IST on BSE in the wake of decline in global crude oil prices.
Cairn India (down 0.96% at Rs 145) and ONGC (down 0.7% at Rs 218.45) edged lower. Oil India (up 0.06% at Rs 358.65) and Reliance Industries (up 0.16% at Rs 973) edged higher.
Meanwhile, the S&P BSE Sensex was down 113.50 points or 0.42% at 26,649.96.
Lower crude oil prices would result in lower realization from crude sales for oil exploration firms.
A strong dollar weighed on global crude oil prices. Brent for August 2016 settlement was currently off 79 cents at $51.16 a barrel. The contract had declined 56 cents or 1.06% to settle at $51.95 a barrel during the previous trading session.
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