Shares of GAIL India, ONGC gained today following rally in global crude oil prices
Share price of oil and gas companies including GAIL India Limited and Oil and Natural Gas Corporation (ONGC) Limited surged on Friday, March 5, after global oil prices jumped more than $1 a barrel, hitting their highest levels in almost 14 months. This came after OPEC and its allies agreed not to increase the supply in April as they await a more substantial recovery in demand amid the COVID-19 pandemic. On Friday, GAIL India surged over two per cent on the BSE. It opened at Rs 144.05, touching an intra day of Rs 149.95 and an intra day low of Rs 144.05, so far. Shares of ONGC opened on the BSE at Rs 116.25, touching an intra day high of Rs 118.20 and an intra day low of Rs 113.90, so far.