Oil Co Stocks Up, Nifty Energy Index Gains

Shares of most Oil marketing companies were trading in the green in Wednesday’s session with their sectoral Energy index on NSE trading higher. 

Meanwhile, Crude Oil prices are a tad higher after data indicated that US-Crude inventories declined more than expected, last week.

Nifty Energy index was trading higher at 16,160.00, up by 0.25% during mid-market session.

Shares of Reliance infra trade higher by 2%, Hindustan Petroleum (HPCL) up by 0.93%, Bharat Petroleum (BPCL) up 0.86%, Indian Oil Corp (IOC) 0.84%, and Oil&Natural Corp (ONGC) up by 0.6%, among stocks in Nifty Energy index.

PowerGrid and NTPC were also trading in the green up to 0.8%, however, Reliance Industries, Tata Power and Gail India were seeing some selling pressure.

The NSE Nifty50 index was up 3% at 11913-level, while the BSE was up 0.5% points at 39,836-levesl at 12.25pm.

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