Oil&Gas sector gains on fuel price hike hopes
Mumbai, June 25 (PTI) Oil&Gas sector surged as much as 0.46 per cent in the morning trade on the Bombay Stock Exchange ahead of the Empowered Group of Ministers (EGoM) meeting to decide petrol and diesel price hike.
The BSE-Oil&Gas index rose 48.11 points to touch an intra-day high of 10,355.09 points but then slipped 0.26 per cent to 10,280.55 points at 1003 hrs.
Oil and gas major ONGC rose as much as 1.38 per cent in the morning trade to touch Rs 1,205, on the BSE, even in the weak broader market. Shares of Oil India were quoting at Rs 1,308.55, up 0.65 per cent.
Meanwhile, the BSE 30-share benchmark Sensex was trading at 17,598.34 points, down 0.74 per cent from previous close.