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PSU oil & gas stocks gain

Capital Market 

Shares of six state-run rose 0.09% to 13.04% at 15:11 IST on BSE as global crude declined.

Meanwhile, the was down 826 points or 2.38% at 33,934.89

Shares of state-run companies (PSU OMCs) surged. HPCL (up 13.04%), (up 5.39%) and BPCL (up 4.83%) edged higher.

Stocks of state-run and production firms rose. (up 2.62%) and Oil (up 0.09%) edged higher. Shares of state-run major (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. 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 15:18 IST
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