This is part of my Sector Watch Series.
Oil Marketing Companies were winners last Friday as can be seen from the table below:
| Symbol | Close on 5 Sept,2013 | Close on 6 Sept,2013 | Gain |
| BPCL | 287.3 | 299.65 | 4.30% |
| IOC | 222.4 | 232.05 | 4.34% |
| HINDPETRO | 174 | 184.4 | 5.98% |
This post is in continuation of my 5 stocks series (see here)
Oil Marketing PSUs had a brutal first week of August 2013 as can be seen from the table below:
| Symbol | Close on 31 July 2013 | Close on 8 August 2013 | Loss |
| BPCL | 323.75 | 276 | -14.75% |
| HINDPETRO | 211.65 | 187.65 | -11.34% |
| IOC | 204.9 | 195.5 | -4.59% |
The Govt hiked petrol prices by Rs.7.50 Rs/Liter.
The markets reacted as usual by selling the news.The price action of the PSU refiners were:
IOC: -1.32%
HPCL: -1.74%
BPCL: -0.03%
And this on a day when the Nifty is up by 1.77% !!