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BSE Oil & Gas index rises as crude oil eases

March 11, 2011
An employee fills a customer's tank at a petrol pump entirely run by woman in the eastern city of Kolkata May 24, 2008. REUTERS/Jayanta Shaw/Files

An employee fills a customer's tank at a petrol pump entirely run by woman in the eastern city of Kolkata May 24, 2008. REUTERS/Jayanta Shaw/Files

Shares in state-run oil marketing companies rallied on Friday as oil prices slid after a huge earthquake and tsunami swept Japan.

BSE Oil & Gas index ended 0.8 percent higher and was among the top performing sectors in trade while the broader index slipped 0.8 percent.

Bharat Petroleum Corp and Hindustan Petroleum Corp firmed 0.3 percent and 1.7 percent.

So far in 2011, the BSE Oil & Gas index has dropped over 7 percent mainly due to rising crude prices. Do you think the sector has further downside?

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