MUMBAI, June 17 (Reuters): The BSE Sensex snapped two days of falls and ended up on Tuesday, recovering from a 1-1/2-week low hit on Monday, buoyed by gains in upstream oil and gas companies on expectations of margin expansion after a surge in international oil prices.
Brent crude futures held near $113 per barrel on Tuesday as concerns over oil supply persisted, with the United States considering air strikes in Iraq amid a worsening security situation in the key oil producing country.
Gains were led by oil explorers such as Oil and Natural Gas Corp, Reliance Industries Ltd and Oil India Ltd.
State-run oil marketing companies such as Indian Oil Corp, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd also rose.
The market traded cautiously, amid a volatile trading session, tracking weak regional peers as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets.
Sensex snaps 2 days of losses
FE Team | Published: June 18, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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