Exploration Companies in India: Stock Market Update, Rising Oil Prices and Potential Opportunities

2023-09-07 03:53:09

Indian stocks fell early Thursday on weak global markets as rising oil prices boosted exploration companies.

The Nifty 50 index was down 0.05% at 19,600.55 at 9:15 a.m. IST, while the S&P BSE Sensex was down 0.07% at 65,834.97.

Brent crude oil prices have risen regarding 5% over the past two weeks.

Explorers Oil India and Gail Ltd rose more than 1% despite weak markets. (Reporting by Sethuraman NR in Bengaluru; Writing by Sonia Cheema)

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