PSU oil stocks trade higher in morning hours

S&P BSE Oil and gasoline index is trading better through zero.58% at Rs 13739 stage as of 0946 hours on Friday.

PSU oil stocks were in limelight all the way through the early hours of morning exchange on Friday. Petrol costs in the united states of america have been minimize by using Rs 1.12 per litre, whereas diesel costs have been minimize by using Rs 1.24 per litre in the closing fortnightly revision of costs on June 15, 2017.

S&P BSE Oil and gas index is trading higher through zero.fifty eight% at Rs 13739 stage as of 0946 hours on Friday. Hindustan Petroleum business enterprise limited is the highest gainer within the index buying and selling better by way of 2.5% at round Rs 531 per share.

IOC is a high contributor to the index good points trading greater via 1.5% at Rs 413.three per share. different oil advertising firm stocks like BPCL, IGL, GAIL, ONGC are additionally trading higher by way of around 1% in the morning hours on Friday.

in the meantime, Nifty and Sensex are trading marginally higher with the aid of 19 and 31 points, respectively within the morning hours on Friday.

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