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Jul 12, 2012, 08.23 AM IST
Shares of oil marketing companies were witnessing buying interest on Friday after Reuters quoting sources said these companies have received Rs 14,000 crore as subsidy payment since June-end.
Shares of oil marketing companies were witnessing buying interest on Friday after Reuters quoting sources said these companies have received Rs 14,000 crore as subsidy payment since June-end.
Hindustan Petroleum Corporation , Bharat Petroleum Corporation and Indian Oil Corporation gained more than 1.5% at 14:10 hours IST. The fall in crude oil prices too aided rally. Brent crude fell 0.91% to USD 99.78 a barrel and WTI crude lost 1.2% to USD 86.17 a barrel despite rate cut by European Central Bank and The People's Bank of China.
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