Read more about Oil and Gas stocks rise on Business Standard. Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 305.17 points or 1.93% at 16149.13 at 09:48 IST.
Read more about Oil & Natural Gas Corpn Ltd Surges 3.64%, S&P BSE Oil&Gas index Gains 1.7% on Business Standard. Oil & Natural Gas Corpn Ltd has added 30.32% over last one month compared to 14.45% gain in S&P BSE Oil&Gas index and 7.2% rise in the SENSEX
Crude prices have increased by 40 percent in the last three months and fuel prices are at record highs. MK Surana, Chairman and MD, Hindustan Petroleum Corporation Ltd (HPCL) spoke about this. The current hike in crude prices is a result of some factors like cold weather in the US, some sort of uncertainty in .
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Benchmark NSE Nifty index was trading 54.75 points down at 15064.20 on Friday on account of selling in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Adani Ports & SEZ, Bank of Baroda, Bank of India, Century Enka, Eveready Industries, Hindustan Petroleum,
Indian Overseas Bank, Karur Vysya Bank, SBI Cards and Payment Services, Repco Home Finance and Tata Power.
Overall, 17 shares were trading in green in Nifty50 index, while 33 were trading in red in the afternoon trade.
In the Nifty 50 index, UPL ,
GAIL, NTPC, BPCL and Coal India Ltd were among top gainers, while Hero MotoCorp, Bajaj Auto, Tata Steel, Asian Paints and ICICI Bank were trading in red.