The BSE Oil & Gas sectoral index was trading in the green on Thursday. The BSE oil and gas index was quoted higher by 43 points at 12,562.30 in the mid-session.
Shares of Indian oil and gas companies rise on the back of lower crude oil price. Oil prices fell to two-week lows as they extended big losses from the previous session amid a rout in global stock markets.
HPCL gained 4.30% at Rs 188.40, BPCL was up 1.25% at Rs 268.35, ONGC was up 1% at Rs 150.25. However, Reliance Ind was down by 2.35% at Rs 1,076.40 and OIL has shed 1.55% at Rs 195.90.