Business Standard

Wednesday, December 25, 2024 | 03:52 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Exploration stocks surge as oil prices rally on vaccine hope; ONGC up 4%

Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front

crude oil prices
Premium

Oil prices extended gains on Wednesday after rising about 4 per cent on Tuesday

SI Reporter Mumbai
Shares of oil exploration & production companies were in focus on Wednesday in an otherwise volatile market as oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front.

The stock of Oil and Natural Gas Corporation (ONGC) gained 6 per cent to hit a high of Rs 80.60, while Oil India was up nearly 4 per cent on the BSE in the intra-day trade. In comparison, the S&P BSE Sensex was down 0.45 per cent at 44,324 points at 11:09 am.

Among the other individual stocks, Alphageo

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in