NEW DELHI: Shares of most oil marketing companies (OMCs) were trading with gains in afternoon trade on Wednesday.
The BSE Oil & Gas index was trading 0.30 per cent up at 15,138.49 around 02:45 pm.
Shares of Indraprastha Gas (IGL) (up 2.61 per cent), ONGC (up 1.43 per cent) and Castrol India (up 1.40 per cent) were the top gainers in the index.
GAIL (India) (up 0.99 per cent), BPCL (up 0.92 per cent), Oil India (up 0.84 per cent), Indian Oil Corporation (up 0.45 per cent), Petronet LNG (up 0.17 per cent) and HPCL (up 0.14 per cent) too were in the green.
However, shares of Reliance Industries (down 1.47 per cent) were incurring losses around that time, capping the gains for the sectoral index.
Equity market was reflecting cautious mood ahead of August series F&O expiry scheduled tomorrow. A fresh fall in the Indian rupee against the US dollar too hit the sentiment.
Benchmark BSE Sensex was 67.81 points down at 38,828.82, while the NSE Nifty50 index was down 23.50 points at 11,715.
Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.
In the Sensex index, 19 stocks were advancing, while 12 were declining.
State Bank of India, Tata Steel and ONGC were leading among Sensex gainers.
Coal India, PowerGrid and IndusInd Bank were among the top losers in the Sensex index.