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IOC says will buy Iranian crude oil if sanctions are lifted

Oil and Gas shares slide

Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index falling 174.35 points or 1.09% at 15766.62 at 13:49 IST. Among the components of the S&P BSE Oil&Gas index, GAIL (India) Ltd (down 3.24%), Petronet LNG Ltd (down 2.07%),Oil & Natural Gas Corpn Ltd (down 2%),Hindustan Petroleum Corporation Ltd (down 1.93%),Indraprastha Gas Ltd (down 1.88%), were the top losers. Among the other losers were Indian Oil Corporation Ltd (down 1.77%), and Gujarat State Petronet Ltd (down 0.42%). On the other hand, Bharat Petroleum Corporation Ltd (up 1.47%), Castrol India Ltd (up 0.04%), and Reliance Industries Ltd (up 0.03%) moved up. At 13:49 IST, the S&P BSE Sensex was down 28.81 or 0.06% at 49873.83.

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