August 13, 2014 / 4:18 AM / 3 years ago

MARKET EYE-India's state-run oil companies gain ahead of ONGC results

* Shares of state-run oil companies gain on hopes of
better-than-expected results by sector leader Oil and Natural
Gas Corp later in the day.
* Hopes of lower subsidy losses as crude oil falls help oil
retailers.
* Brent near 13-month trough below $103 on brisk supplies 
* ONGC is up 1.8 percent, while Oil India is up 1.2
percent.
* Among retailers, Hindustan Petroleum Corp gains 3.3
percent, Bharat Petroleum Corp advances 3.1 percent
while Indian Oil Corp is higher by 2.9 percent.

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below