Money on the markets
A maturing market amid the mayhem
The BSE Oil & Gas index rose for the third consecutive day and ended 2.2 percent higher while the broader market closed 1.3 percent up.
The rise in the index was led by Reliance Industries, GAIL, Aban offshore and Cairn India.
Shares in Reliance Industries were boosted on Wednesday as investor fears the energy major would overpay for LyondellBasell were allayed after the petrochemicals firm was said to have rejected its offer.
Shares in the counter ended 3.9 percent higher at 1,021 rupees.
The sectoral index has dropped over six percent this year. Reliance Industries and GAIL dropped over 6 percent and 3 percent respectively in the same period.
The BSE Realty Index dropped for a third straight day on Friday, shedding 3.3 percent in a broader market that ended 0.83 percent down.
Indiabulls Real Estate slipped 6.2 percent and was the top sectoral loser, while DLF and Unitech lost 4.1 percent and 1.4 percent respectively.
The BSE Realty Index slumped 3.8 percent on Thursday in a broader market that was weighed down by weak global cues.
The Realty Index was the top sectoral loser on the BSE, with all components except Mahindra Lifespace, ending in the red. Sobha Developers dropped 5.6 percent.
The BSE Realty Index slid nearly 8 percent to a two-month low on Tuesday after the Reserve Bank of India (RBI) withdraws some liquidity measures.