OMC Stocks Trade In Green On The Back Of Fall In Crude Oil Price

Global Crude oil prices set a decline on Friday with Brent crude futures down 0.6% at USD66.16/BL. In addition, WTI crude plunged 0.7% at USD59.03/BL, amidst the impending G20 summit & OPEC meeting.

Meanwhile, on the back of falling crude oil prices, shares of most Oil marketing companies (OMCs) were trading in the green in Friday’s session with Nifty energy index trading flat at 16,137.95, down 0.03%

Shares of GAIL were up by 1.91%, TataPower up 1.68%, Hindustan Petroleum Corp (HPLC) up 0.80%, Indian Oil Corp (IOC) up 0.70%, Bharat Petroleum Corp (BPCL) and NTPC up 0.61% each.

On the reverse side, Reliance infrastructure down by 3.53%, PowerGrid down 0.79%, Reliance industries down 0.69% and Oil&Natural Corp (ONGC) down 0.44% in the Nifty energy index.

At 1.00pm, the NSE share benchmark Nifty50 index was down 76pts at 11,823-level, while the BSE benchmark Sensex was down 76pts to quote at 39,510.

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