Money on the markets

A maturing market amid the mayhem

BSE Oil & Gas index ends down

May 16, 2011

The BSE Oil & Gas index slipped 1 percent in trade on Monday, with stocks like ONGC falling 2.3 percent. ONGC ended as the top loser in the index.

Shares of oil marketing firms like BPCL, HPCL and IOC ended in the green. Shares of these firms were in the green in early trade, but ended the day in red.

State-run firms hiked petrol prices by 5 rupees from Sunday, and a panel of ministers will meet this week to discuss raising other fuel prices, according to reports.

Do you think it is the right time to invest in such stocks?

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