Market Now: ONGC, BPCL, HPCL drag BSE Oil & Gas index lower

NEW DELHI: Oil & gas stocks Oil and Natural Gas Corporation (down 1.57 per cent), Bharat Petroleum Corporation (down 0.72 per cent), Hindustan Petroleum Corporation (down 0.70 per cent), Indian Oil Corporation (down 0.36 per cent) and Oil India (down 0.04 per cent) were trading down in the afternoon session of trade on Wednesday.

However, shares of Indraprastha Gas (up 2.25 per cent), Reliance Industries (up 1.13 per cent), GAIL (India) (up 0.92 per cent), Petronet LNG (up 0.74 per cent) and Castrol India (up 0.30 per cent) were trading up.

The BSE Oil & Gas index was trading 0.04 per cent down at 15,632 around 12:15 pm (IST).


The benchmark BSE Sensex trimmed early gains and turned choppy to trade flat amid volatility ahead of Wholesale Price Index (WPI) numbers to be released later today.

Buying was seen in realty, telecom, capital goods, consumer durables, metal, IT and energy counters.

Banking, utilities and power stocks saw most selling activity.

Benchmark BSE Sensex was flat at 34,301, while the NSE Nifty50 index was 7 points up at 10,547.

Among the 50 stocks in the Nifty50 index, 22 were trading in the green, while 28 were in the red.

Bharti Airtel, Wipro, Adani Ports and Coal India were leading the Sensex index.

On the other hand, Axis Bank, State Bank of India, YES Bank and ICICI Bank were among the top losers in the Sensex kitty of stocks.