Investors bet big on stocks from the oil marketing space with HPCL and BPCL rallying in trade ahead of a key OPEC meeting.
Shares in BPCL was trading up by almost 2.6 per cent at Rs 724 a share, while HPCL rallied a huge 3 per cent and was last trading at Rs 548 and was up 3.5 per cent.
Meanwhile, crude oil fell for a fourth straight day as sentiments once again turned bearish. U.S. crude futures dropped to a four-year low below $76 a barrel.
Crude Oil may fallen even further should there be no production cuts announced by OPEC.