Subsidy relief buzz: Oil India, ONGC shares gain 3%
Shares of Oil India Ltd and ONGC Friday rose by about 3 percent following a report that government is likely to exempt the state-run firms from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around USD 50 per barrel.
Jan 09, 2015, 19:27 PM IST
Oil stocks crack; ONGC biggest Sensex loser
Oil and gas stocks suffered heavy losses Tuesday, declining by up to 6 percent amid a massing sell off in equity markets, as global oil prices fell below the USD 50-mark.
Jan 06, 2015, 20:48 PM IST
