Stock market update: HPCL, IOC keep oil & gas index up

NEW DELHI: Shares of Petronet LNG (up 1.99 per cent), HPCL (up 1.96 per cent), Indian Oil Corporation (IOC) (up 1.11 per cent) and BPCL (up 1.04 per cent) were trading with gains, keeping the oil & gas index up in Tuesday's session.

Shares of oil marketing companies rose amid a fresh fall in global crude oil prices on concerns of a glut in supply.

The BSE Oil & Gas index was trading 0.52 per cent up at 14,476 around 12:40 pm.


Shares of Indraprastha Gas (up 0.96 per cent), GAIL (India) (up 0.35 per cent) and ONGC (up 0.19 per cent) too were in the green.

However, shares of Reliance Industries (down 0.52 per cent) were under pressure around that time.

Gains in heavyweights, including Larsen & Toubro, Infosys, Maruti and Asian Paints, were keeping the equity benchmarks up.

However, losses in Kotak Mahindra Bank, Reliance Industries and Tata Consultancy Services were weighing on the indices.