OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%

Shares of state-owned oil marketing companies (OMCs) were firm as they gained up to 5 per cent in Wednesday’s intra-day trade, in an otherwise range-bound market.

Shares of Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOCL) were up in the range of 3 per cent to 5 per cent in Wednesday’s intra-day trade. In comparison, the S&P BSE Sensex traded 0.10 per cent higher at 60,175 at 12:08 PM.