Share market update: Oil & gas shares trade in red; Bharat Petroleum falls 4%

NEW DELHI: Oil & gas shares were mostly trading lower with the S&P BSE Oil & Gas index trading 1.01 per cent down at 13,439.44 around 12:45 pm on Wednesday.

Shares of Bharat Petroleum Corporation (down 4.22 per cent), Oil India (down 2.31 per cent), Oil And Natural Gas Corporation (down 1.54 per cent) and Indian Oil Corporation (down 1.48 per cent) were the major laggards in the index.

Shares of GAIL (India) (up 0.50 per cent) and Reliance Industries (up 0.50 per cent) were among the top performers.

Benchmark NSE Nifty50 index was up 6.65 points at 10,591.4 while BSE Sensex was up 111.36 points at 35,273.84 at that time.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Shares of JP Associates, South Indian Bank, Reliance Communication, Adani Power, Suzlon Energy, Dewan Housing, ITC and YES Bank were among the most traded shares on the NSE.