Shares of oil exploration & production companies such as Cairn India, Oil & Natural Gas Corporation (ONGC) and Oil India – were trading higher by up to 6% on the bourses after a sharp surge in global crude oil prices.
Among individual stocks, Cairn India surged 6% to Rs 134, followed by ONGC which gained 5% at Rs 209, and Oil India jumped 3.4% to Rs 327 on the BSE. At 10:45 AM, the S&P BSE Sensex was up 1.3% or 304 points at 23,687.