Market Now: Oil stocks dull; BPCL, GAIL top losers

NEW DELHI: Oil stocks BPCL (down 1.58 per cent), GAIL (India) (down 1.03 per cent), Indraprastha Gas (down 0.97 per cent), Indian Oil Corporation (down 0.24 per cent) and HPCL (down 0.14 per cent) were trading in the negative territory in Friday's trade, keeping the sectoral index lower.

The BSE Oil & Gas index was trading 0.15 per cent down at 14,489 around 11:30 am.

Meanwhile, shares of Petronet LNG (up 1.16 per cent), Castrol India (up 0.84 per cent), ONGC (up 0.56 per cent) and Oil India (up 0.33 per cent) were in the green in the index.


Reliance Industries (up 0.02 per cent) was almost flat around the same time.

Benchmark BSE Sensex was 131 points down at 35,018, while the NSE Nifty50 index was down 35 points at 10,648.

Equity benchmarks were in the negative territory on unabated foreign fund outflows and surging global crude oil prices.

The rupee depreciating against the US dollar also affected momentum.

In the Sensex index, 10 stocks were advancing, while 21 stocks were declining in trade.

Bajaj Auto, Hindustan Unilever and ITC were the top gainers in the Sensex index.

On the other hand, ICICI Bank, Tata Motors and Wipro were the top losers in the Sensex kitty.