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Markets Move on Narrow Gains, Oil Co Stocks Shines

Indian share benchmarks are trading with moderate gains in the afternoon session. Sensex, Nifty edged higher in morning session on positive Asian stocks. Later, the indices traded in a small range with positive bias in mid-market session. 

Oil Marketing companies such HPCL, BPCL and IOC gaining in 4 to 2pc since oil prices moved away amid signs that global markets remain sufficiently supplied.

The Sensex and Nifty have extended the morning gains, and moved a little lower through first afternoon hours of trade with Nifty up 20-points at 11,595, while the Sensex was 55 points higher at 38,6210 at 1.45pm.

Brent crude oil futures were at USD74.21pbl down 30 cents from their last close. It has risen 12.8pc since March.