29 Aug Buzzing Stocks: Oil refining stocks, Stock market tips today

oil company The oil refining companies’ stocks were buzzing on the Exchange as the market bets on margin rise due to a spike in global oil prices, as a result of unprecedented damages caused by storm in southeastern Texas. 

On account of storm, there were temporary shutdowns of refineries, which will have an immediate impact on the global supply and demand of oil, mainly leading to a price hike.

The share of Bharat Petroleum Corpn (BPCL) was trading higher by 1.19% at Rs 514 per share on BSE during mid-noon hours. Likewise, shares of Mangalore Refinery & Petrochemicals was trading up by 1.65% at Rs 129 per share on BSE.