BSE Oil & Gas index hits all time high
DSIJ Intelligence / 06 Oct 2016
All the Oil and Gas related companies are in focus today as most of them have seen a fresh breakout on the upside as most of the stocks have hit new highs.
All the Oil and Gas related companies are in focus today as most of them have seen a fresh breakout on the upside as most of the stocks have hit new highs.
Recently the (OPEC) Organization of the Petroleum Exporting Countries in a meeting held on September 29, reached a consensus to limit crude oil production by considering a cut in production to 32.5 to 33 million barrels a day.
Below are the stocks which have hit new 52-week highs:
Oil marketing companies
IOC: Rs 659.40
HPCL: Rs 459
BPCL: Rs 683.60
Oil Exploration companies
Reliance Industries: 1129.55
ONGC: Rs 275.25
Cairn India: Rs 227.50
Natural gas companies
Indraprastha Gas: Rs 869
Petronet LNG: Rs 383.60
Mahanagar Gas: Rs 731.90
Gail India: 419.80
The OPEC deal has given positive hopes to the distresses sector which has been reeling under pain for long. Decision has had a rub off effect on all the oil & gas related companies in the sector.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.