Money on the markets

A maturing market amid the mayhem

Oil and gas counters slip in trade


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?