Money on the markets

A maturing market amid the mayhem

Oil and gas counters slip in trade

July 7, 2010
bse | Fuel | India | OIL | Stocks

It was a weak day of trade for energy counters which saw the BSE Oil & Gas Index topping the list of sectoral losers with a 1.7 percent fall.

Weighing on the sectoral index and the Sensex was Reliance Industries which fell 1.8 percent to 1052 rupees.

ONGC closed 1.9 percent lower while Essar Oil dropped 1.7 percent.

According to a Reuters poll, energy firms are on the radar of funds mangers, given that the government’s push to free-up fuel prices will boost their financials.

Do you see an upside in the energy space in the near future?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see