State-run oil companies gain ahead of ONGC results
Aug 13 2014 , Mumbai
Hopes of lower subsidy losses as crude oil falls help oil retailers.
Brent near 13-month trough below $103 on brisk supplies.
ONGC is up 1.8 percent, while Oil India is up 1.2 percent.
Among retailers, Hindustan Petroleum Corp gains 3.3 percent, Bharat Petroleum Corp advances 3.1 percent while Indian Oil Corp is higher by 2.9 percent.