Market Now: Oil & gas stock sag; GAIL, RIL drop over 2%
NEW DELHI: Majority of oil & gas stocks were trading with losses during afternoon trade on Friday.
The BSE Oil & Gas index was trading 1.15 per cent down at 14,260 around 01:10 pm (IST) with GAIL (India) (down 2.71 per cent) and Reliance Industries (down 2.05 per cent) as the top losers.
Shares of BPCL (down 1.28 per cent), Castrol India (down 1.10 per cent), HPCL (down 0.85 per cent), ONGC (down 0.85 per cent), Petronet LNG (down 0.73 per cent) and Indraprastha Gas (down 0.24 per cent) were also in the red.
Meanwhile, Oil India (up 0.73 per cent) and Indian Oil Corporation (up 0.51 per cent) were trading with mild gains around the same time.
Benchmark NSE Nifty50 index was down 35 points at 10,531, while the BSE Sensex was 102 points down at 34,325.
Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.
Tata Consultancy Services, with a gain of over 6 per cent, was leading the pack of Sensex gainers.
YES Bank and State Bank of India, on the other hand, were the top losers in the Sensex index.