Bharat Petroleum Corporation
Chennai Petroleum
GAIL India
Hindustan Petroleum Corporation
Indian Oil Corporation
Mangalore Refinery & Petrochemicals
Oil India
Oil & Natural Gas Corporation
Note
All the above stocks form part of the BSE PSU Index, from oil & gas sector.
PSU Sector Index includes stocks from all sectors from public sector.
- Stocks trading above 200 day moving average

Shares are shown in blue colour - Stocks trading below but close to 200 day moving average

Shares are shown in orange colour - Stocks trading much below 200 day moving average

Shares are shown in red colour
PSU - Oil & Gas Sector Trend
Out of 8 BSE PSU Oil & Gas Index stocks three are trading above 200 day moving average.
So, 43% of stocks are trading above 200 day moving average.
Decontrol of petrol price has given boost to oil marketing companies.
Fall in crude oil price also is positive for OMCs.
Leaders: Petronet, BPCL, Hindpetro, OIL.
Laggards: MRPL, Chennpetro.
Technically strongest stock appears on the left hand side and weakest on the right hand side.




