Thursday, June 13, 2024
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Immense Growth In BSE: Shares Of Oil, Gas And Petroleum Sector

The market, which ended with a big fall of 1375 points on Monday, was again buzzing today. The Sensex closed with 1028.17 points or 3.62% up at 29,468.49 and the Nifty with 316.65 points or 3.82% up at 8,597.75. All sectors of BSE are also benefited from the growing market. Prominently, all the stocks in the oil and gas sector closed up at an increasing rate. On the other hand, most companies in the bank also sector saw growth.

BSE Oil and Gas Sector grew up by 15%:

Hindustan Oil Exploration Company: Upstream Ahead Summit charts out oil, gas  industry vision 2050, Energy News, ET EnergyWorld

The oil and gas sector played a major role in boosting the market. Bharat Petroleum shares rose to 15.07%. At the same time, Hindustan Petroleum gained 13.12% and GAIL gained 7.83%. Reliance shares gained 7.76%. Overall, all 10 sectors of oil and gas included in BSE showed growth by 5% and above.

BSE banking sector also showed some growth:
On the other hand, most companies in the banking sector also grew today. The banking sector was very weak on Monday, but today its shares gained up to 5.35%. However, shares of RBL Bank declined by 9.87% and IndusInd Bank shares by 14.68%.

Top 4 insurance stocks to buy; may gain up to 40% as industry stares at a  decade of rapid growth - The Financial Express

About 31% of the companies’ shares fell on the BSE:
BSE’s market cap stood at Rs 113 lakh crore.

Shares of 2,452 companies were traded. In this, shares of 1,522 companies rose and 773 companies declined.

Shares of 27 companies remained at 1-year high and 262 stocks were at a one-year low 

297 companies were in the upper circuit and 263 companies were at the lower circuit.




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