IND: Oil PSUs fall as crude oil surges...Cairn India up
On the other hand, shares of Reliance Industries jumped after announcing a multi-billion-dollar deal with UK energy giant BP Plc.
Shares of public sector oil marketing companies (OMCs) slid in a weak trading on Tuesday amid concern that the recent spike in crude oil prices would hurt these companies' financials.
ONGC fell on worries it may have to share a higher subsidy burden even as Cairn India climbed as it tends to gain from any increase in crude oil prices at the international level.
On the other hand, shares of Reliance Industries jumped after announcing a multi-billion-dollar deal with UK energy giant BP Plc.
