The benchmark indices traded with optimistic bias in spite of selling stress at higher standards at 10:39 hours IST.

The markets witnessed some selling stress in the wake of downtrend in power, technology, capital goods, oil & gas, select banking and telecom stocks at 11:30 hours IST.

Bharat Petroleum Corporation presently trades at Rs.365.80, which is higher by 2.45 points from its last close of Rs.363.35 on the Sensex.

The Indian equities markets were in the positive zone with the BSE rushing 2.67% whereas the NSE increased 2.57%.

Bharat Petroleum Corporation on Tuesday sold oil bonds valued at Rs.95 crore according to the RBI’s Special Market Operation scheme to finance its crude oil purchase.

Shares of Bharat Petroleum Corporation got higher by 5.46% to end the day at Rs.416.55, after a cut in crude oil costs lower than $35 per barrel.

Bharat Petroleum Company (BPCL) is in discussions with Reliance Industries for allotment of gas from the Krishna-Godavari basin, off the Andhra Pradesh coast.

Reserve Bank of India (RBI), the apex bank has bought 6.35 %, 2,024 oil bonds from Indian Oil Corporation (IOC) at Rs.100.98 or 6.2519 %.

Bharat Petroleum Corporation (BPCL) is all set to launch international money transfer service to its customers in India and so has entered into an agreement with MoneyGram International’s agent, Air wings Services. This proposal will also help Air wings Services to enlarge its footprint in India.