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BSE Oil & Gas index hit 9-year high; Indian Oil touches new high

Indian Oil, Oil India, ONGC, Castrol India, BPCL and HPCL were up in the range of 2% to 3%.

BSE Oil & Gas index hit 9-year high; India Oil touches new high
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SI Reporter Mumbai
Shares of refinery companies continued their upward move with the S&P BSE Oil & Gas index hitting nine year high on the BSE in intra-day trade on Thursday.

At 02:44 pm; the S&P BSE Oil & Gas index was up 1.6% at 12,592 as compared to 0.87% rise in the S&P BSE Sensex at 26,866.

The oil & gas index hit an intra-day high of 12,601, its highest level since January 18, 2008, on back of strong rally in stocks like Oil & Natural Gas Corporation (ONGC), Oil India and Indian Oil Corporation (IOC).

IOC hit a

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