ONGC (up 3.85%) and Oil India (OIL) (up 3.49%) jumped.
In the commodities market, Brent crude for May settlement was up 2.08% at $118.03 a barrel. It has jumped over 51% so far in calendar year 2022.
Higher crude oil prices boost oil explorers average realisation from every barrel of the oil sold.
Shares of ONGC hit a 52-week high of Rs 176.40 on 14 February 2022.
In the past one month, the stock has risen 8.49% as against 0.33% decline in the Sensex. It has jumped 63.20% in the past one year compared with 14.71% rise in the Sensex.
Shares of OIL hit a 52-week high of Rs 267.70 on 1 October 2021.
In the past one month, the stock has surged 9.49% as against 0.37% decline in the Sensex. It has jumped 103.20% in the past one year compared with 14.71% rise in the Sensex.
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