Oil marketing company shares such as Bharat Petroleum Corp, Hindustan Petroleum Corp, and Indian Oil Corpn supported for the afternoon trends in the stock rally. The three majors rallied 6 to 3% on Intraday.
Shares of Bharat Petroleum gained 6% as news emerged that the govt would sell its stake in BPCL to a foreign oil company. The stock was trading at Rs.406.75, up 5.87% compared to the previous close of Rs.385.50
Shares of Indian Oil Corporation of India (IOC) were trading at Rs.129.75, up 4.30% from the previous close of Rs.125
Oil marketing company HPCL’s shares rose over 3% Intraday. At 3.15pm, the stock was trading at Rs.129.75 per share. Get Mcx Tips by just clicking the link.
Meantime, markets fully recovered from the morning losses, with all sectoral indices reflecting in the green with major gains in Banking, metals and Financial.
The Sensex scaled up 37399-level up 295-points and the Nifty stood at 11079-level up by 95-points.
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