Shares of four oil exploration and production firms fell by 1.64% to 7.96% at 14:19 IST on BSE as global crude oil prices further extended recent losses.
Cairn India was down 7.96% at Rs 129. The stock hit a high of Rs 136.90 and low of Rs 128.60 so far during the day.
ONGC was down 5.43% at Rs 224.50. The stock hit a high of Rs 233 and low of Rs 224.25 so far during the day.
Oil India was down 3.07% at Rs 387.95. The stock hit a high of Rs 398.70 and low of Rs 386.40 so far during the day.
Reliance Industries (RIL) was down 1.64% at Rs 1,015. The stock hit a high of Rs 1,027.60 and low of Rs 1,008.35 so far during the day.
The S&P BSE Sensex was down 427.47 points, or 1.68% at 24,978.86.
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Lower crude oil prices would result in lower realization from crude sales for oil exploration firms.
In the global commodities markets, Brent crude oil futures edged lower. Brent for February settlement was down $1.41 a barrel at $32.82 a barrel. The contract had fallen $2.19 a barrel or 6.01% to settle at $34.23 a barrel during the previous trading session.
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