Shares of oil
marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil
Corporation (IOCL) have slipped up to 6% on the BSE
in intra-day trade as oil
prices rise amid supply disruptions.
At 10:50 am; the S&P BSE Oil
& Gas index plunged 2.6% or 364 points at 13,810 points, as compared to 0.01% decline in the S&P BSE
Among airlines companies, Jet Airways
(India) hit a 52-week low of Rs 366, down 3% on the BSE
in intra-day trade, while InterGlobe Aviation (down 2% at Rs 1,143) and SpiceJet (down 1.5% at Rs 112) too trading lower on the BSE.
prices rose on Wednesday following supply disruptions in Libya and Canada and after US officials told oil
importers to stop buying Iranian crude from November, the Reuters report suggested. CLICK HERE TO READ FULL REPORT