Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each
Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each
Muthuselvaraj M, Research Analyst at Mirae Asset ShareKhan highlights that TCS and HUL have broken down from a triangle pattern, while Ashok Leyland may have formed a double top on the weekly chart.
The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage