OMC shares will remain subdued, and the underperformance will continue. “ONGC, GAIL and Gujarat Gas are some stocks that can withstand the pressure from rising crude prices,” said Bhushan.
On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to
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