The Bombay Stock Exchange Sensex halted a two-session retreat and rose 1.1% on Monday, led by gains in energy giant Reliance Industries and top oil explorer ONGC, with firm European equities supporting the gains.

RIL rose 2.3% after the conglomerate said it has discovered more oil in the country’..

Bharat Petroleum Corporation (BPCL) was the top loser on the Nifty. It touched an intraday high of Rs 612 and an intraday low of Rs 582.60. The share was quoting at Rs 586.00, down Rs 19.6, or 3.24%.

It was trading with volumes of 314,417 shares. Yesterday the share closed down 2.07% or Rs 12.80..

The Indian petroleum industry — especially the refiners and natural gas players — is expected to report some very good numbers for the September 2009 quarter results later this month.

The refiners, who suffered heavily from the crash in oil prices in the corresponding quarter last year, are likel..

One can see more upside in BPCL, IOC, says Hemant Thukral of Asian Markets Securities.

Thukral told"Bharat Petroleum Corporation (BPCL), India Oil Corporation (IOC) have seen a lot of open interest addition in last one week but one problem with them has been that the moment crude starts moving th..