NEW DELHI: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.
Reliance Industries shares jumped 4.25 per cent to Rs 2,545.05 on the BSE. Oil and Natural Gas Corporation (ONGC) rallied 7 per cent to Rs 136.40. Among others, Chennai Petroleum Corporation jumped 11.38 per cent, Oil India climbed 8.82 per cent and Mangalore Refinery and Petrochemicals advanced 4.95 per cent.
