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Sensex edges lower; oil and gas stocks fall

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Reuters

Reuters Market Eye - The BSE Sensex and the broader Nifty edged lower on Wednesday with oil and gas explorers falling, tracking lower crude oil prices.

The benchmark BSE Sensex was down 0.23 percent while the 50-share Nifty fell 0.2 percent as of 1:45 p.m.

Brent crude oil dropped to two-year lows but rose above $95 on relief over China's PMI.

Traders were also awaiting government decision on raising gas prices by Nov. 15.

Reliance Industries Ltd was down 1.5 percent, Oil and Natural Gas Corp dipped 1.3 percent.

Shares in GAIL (India) Ltd fell 2.4 percent.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 01 2014 | 1:48 PM IST

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