Indian oil stocks surge on crude prices

Tue Jun 19, 2012 12:51pm IST

* State-owned oil companies rally as crude prices continue to
slump, leading traders to bet on them as one of the domestic
sectors to outperform during a period of uncertainty.
* Brent for July delivery trading at $95.79 per barrel,
down 25.21 percent since its 2012 high on March 1. 
* Oil refiners Hindustan Petroleum Corporation surges
6.2 percent, Bharat Petroleum Corporation advances 2.5
percent, while IOC rallies 3.4 percent.

(curtsey : reuter)

Rupesh Yatesh Dalal
Head Research Department

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