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Shares of Oil & Gas Edge Higher

This week has seen significant fluctuations in futures, resulting in higher implied volatility for Brent.

In the morning trade, Oil and Gas stocks were trading in the green, with the S&P BSE Oil & Gas index rising 89.16 points or 0.43% at 20,857.08.

The S&P BSE Oil & Gas index, Indian Oil Corporation Ltd (up 1.23%), Petronet LNG Ltd (up 0.91%), Oil & Natural Gas Corpn Ltd (up 0.95%), Gujarat Gas Ltd (up 0.52%) and Hindustan Petroleum Corporation Ltd (up 0.64%), Adani Total Gas Ltd (up 0.31%), GAIL (India) Ltd (up 0.15%) and Bharat Petroleum Corporation Ltd (up 0.26%), On the other hand, Indraprastha Gas Ltd (down 0.04%) and Reliance Industries Ltd (down 0.4%) moved lower.

The S&P BSE Sensex gained 161.56 points, or 0.27%, to 60,817.28. The Nifty 50 gained 37.2 points or 0.21% to 18,090.5. The S&P BSE small-cap index rose 97 points or 0.34% to 28889.83. The S&P BSE 150 midcap index climbed 19 points, or 0.21%, to 8,972.25.

On BSE,1827 shares were trading in the green, 1,060 were trading in red, and the rest, 141, remained the same.

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