NEW DELHI: Shares of HPCL (up 2.55 per cent), BPCL (up 1.17 per cent), ONGC (up 0.71 per cent) and Indian Oil Corporation (up 0.28 per cent) were trading with gains during Thursday's session amid a decline in global crude oil prices.
The stocks rose even as market was reeling under strong selling pressure, triggered by weakness in global markets.
Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing US crude inventories had risen more than expected, Reuters reported.
The BSE Oil & Gas index was trading 0.19 per cent down at 12,496 around 10:45 am. The index was still better off than its all peers on BSE.
Oil India (down 2.51 per cent), Reliance Industries (down 2.15 per cent), Indraprastha Gas (down 1.17 per cent), Petronet LNG (down 0.99 per cent), Castrol India (down 0.76 per cent) and GAIL (India) (down 0.13 per cent) were the losers in the oil & gas index.
Benchmark BSE Sensex was 821 points down at 33,940, while the NSE Nifty50 index was down 254 points at 10,207.
Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.
In the 30-share Sensex pack, only ONGC was in the green.
Tata Steel, State Bank of India, Infosys, HDFC and IndusInd Bank were the top losers in the Sensex index.
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