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Thursday, July 2, 2009
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Update at 1250 hrs (IST)


Markets
Oil marketing shares up on price hike

MUMBAI: Shares of state-run oil firms were up between 2 and 5 per cent in early trade after the government raised petrol and diesel prices by as much as 10 per cent late on Wednesday

At 10.50 am, Indian Oil Corporation stock was up 2.85 per cent or Rs 15 at Rs 545, HPCL was up 2.30 per cent or Rs 7 at Rs 318.50 and BPCL was up Rs 6 or 1.25 per cent at Rs 461.20.

The move will ease the subsidy burden on these firms and improve their margins.

Prev: Sensex down in range bound move
Next: Rupee up against dollar

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