Market Now: GAIL (India), BPCL drag BSE Oil & Gas index slightly down

NEW DELHI: Losses in stocks such as GAIL (India) (down 0.96 per cent), Bharat Petroleum Corporation (down 0.50 per cent), Hindustan Petroleum Corporation (down 0.49 per cent), Indian Oil Corporation (down 0.32 per cent) and Oil India (down 0.17 per cent) dragged BSE Oil & Gas index a little lower in Friday's trade.

The S&P BSE Oil & Gas index was trading 0.05 per cent down at 16,351 around 11:25 am (IST).

However, shares of Petronet LNG (up 1.60 per cent), Castrol India (up 0.85 per cent), Oil and Natural Gas Corporation (up 0.49 per cent), Indraprastha Gas (up 0.23 per cent) and Reliance Industries (up 0.04 per cent) were trading up around that time.

Benchmark BSE Sensex was 159 points up at 34,007, while the NSE Nifty50 index was 39 points up at 10,517.

Among the 50 stocks in the Nifty50 index, 36 were trading in the green, while 14 were in the red.

Tata Motors, Asian Paints, Sun Pharma, Axis Bank, Maruti Suzuki and Tata Consultancy Services were trading among the gainers in the Sensex index.

Wipro, Mahindra & Mahindra and Dr Reddy's Lab were seen under selling pressure.

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