India Hot Stocks: Oil shares slip as crude hits fresh high

(Adds oil shares)

MUMBAI, July 3 (Reuters) - The following stocks were on the move at the BSE on Thursday.

At 12:03 p.m. the benchmark 30-share BSE index was down 4.29 percent at 13,077.97 points.

The 50-share National Stock Exchange Index was down 4.25 percent at 3,919.30 points.

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* State-run oil companies Indian Oil Corp (IOC.BO: Quote, Profile, Research), Oil and Natural Gas Corp (ONGC.BO: Quote, Profile, Research), Hindustan Petroleum Corp (HPCL.BO: Quote, Profile, Research) and Bharat Petroleum Corp, were down 1.5-6 percent on concerns over higher subsidy burden, after crude oil touched $145.51 a barrel. India imports nearly 70 percent of its crude oil requirement.

(12:02 p.m.)

(prashant.mehra@thomsonreuters.com)

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