Oil & Gas Stock Rallies, Post Lunch Hours

crude oil Oil & Gas company stocks are rising up with Oil and Natural Gas Corporation, Indian Oil Corporation, Castrol India and Petronet LNG, on buying and selling momentum, in the afternoon hours on Thursday. The BSE Oil & Gas index used to be buying and selling 0.38 up at 15,632. However, stocks of Indraprastha Gas, Bharat Petroleum Corporation, Oil India, GAIL (India) and Hindustan Petroleum Corporation have been buying and selling.

Among the 51 stocks within the Nifty 50 index, 36 stocks have been buying and selling within the inexperienced, whereas 14 socks have been within the pink. Infosys, State Bank of India, Reliance Industries, Tata Consultancy Services, Tata Motors and NTPC have been among the top gainers within the Sensex index.

Gold strengthens Rs 31,000 level on demand push, MCX Commodity Tips

gold

Price of Gold today took jump from a positive trend overseas by surging Rs 650 per 10 grams to reach Rs 31,000 level, supported by fresh local buying, whereas silver slipped sharply by Rs 350 to Rs 41,500 per kg, on account of softening demand by industrial units and coin makers.

Globally, gold rose by 0.08% to USD 1323.60 per ounce after hitting a 2-week low of USD 1,318.96. Silver also edged up 0.03% to USD 17.75 per ounce in Singapore. In New Delhi, gold of 99.9% purity surged Rs 650 to Rs 31,000 and 99.5% purity surged Rs 30,850 per 10 grams. Gold had lost Rs 650 in the last two days.

However, Sovereign price carried on to be traded at the previous level of Rs 24,700 per piece of 8 grams. But silver ready dropped Rs 350 to Rs 41,500/kg and weekly-based delivery cracked below the 41,000 mark by slipping Rs 370 to Rs 40,930 per kg.