Falling crude prices helped shares of public sector oil companies outperform the broader markets this morning, with smart gains amid an over 350-point plunge in the benchmark Sensex.
Stocks like
Iran condemned on Saturday a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market that would not have a sustained impact on
Investors bought oil & gas shares heavily in a weak market on Wednesday, hoping that the empowered group of ministers will raise fuel prices on May 11 and help state-run
Shares of major oil PSUs, BPCL and HPCL, today zoomed as much as 11 per cent on the Bombay Stock Exchange, amid speculations of fuel price hike.
Stocks of oil marketing companies fell by as much as four per cent on the BSE after a decision on fuel price hike was deferred yesterday, while the broader market
Raamdeo Agrawal Co-founder & director Motilal Oswal Financial Services
Uncertainty over the oil stocks has increased after the budget. The government has given no clear indications on the future of
Oil stocks shed their morning gains on Thursday as the market awaited the government stand on the recommendations of the Kirit Parekh panel on oil sector subsidies.
The fuel price hike will help reduce under-recoveries
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