Stock market update: OMC stocks up; HPCL, BPCL lead the sectoral pack

NEW DELHI: Most oil marketing company (OMC) stocks were trading with gains during Friday's session amid a slide in global crude oil prices.

The BSE Oil & Gas index was trading 1.03 per cent up at 13,737 around 12:35 pm.

Shares of HPCL (up 4.33 per cent), BPCL (up 2.22 per cent), Indian Oil Corporation (up 1.51 per cent) and Reliance Industries (up 1.35 per cent) were the top gainers in the oil & gas index.


Oil India (up 0.66 per cent), Indraprastha Gas (up 0.55 per cent) and Castrol India (up 0.09 per cent) were also in the green.

Meanwhile, GAIL (India) (down 0.40 per cent) and ONGC (down 0.16 per cent) were down, while shares of Petronet LNG (down 0.02 per cent) were almost flat.

Equity markets were up, tracking positive Asian cues even as US tariffs on Chinese imports took effect.

US tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, Reuters reported.

Benchmark BSE Sensex was up 125 points at 35,700, while the NSE Nifty50 index was up 37 points at 10,787.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

In the Sensex index, 19 stocks were up, while 12 were down.

Hero MotoCorp, Tata Motors and Bajaj Auto were leading among the Sensex gainers.

On the other hand, Sun Pharma, Infosys and Wipro were among the top losers in the Sensex pack of stocks.