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A total of 229,129 shares changed hands on the counter till 12:46PM (IST)

Oil India, incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 22712.87 Crore) operating in Gas & Petroleum sector.

The stock quoted a 52-week high price of Rs 1471.2 and a 52-week low of Rs 1070.95.

Also there is expected steady Jio performance despite higher finance charges post spectrum auctions, while retail segment profitability should be resilient.

As of 30-Sep-2022, promoters held 59.45 per cent stake in the company, while FIIs held 23.1 per cent and domestic institutional investors had 4.21 per cent.

"The trend over the last several sessions has been that the rupee underperforms amid broad dollar weakness due to persistent bids from oil companies and likely RBI as well," IFA Global Research Academy said in a research note.

Rising interest rate is likely to drive yields which along with pick up in loan growth will likely to support margin.

“We are in the earnings season and it looks like it is going to be a good earnings quarter, at least for some of the major names and that should give us a lot of comfort. At the end of the day, we cannot wish away global volatility and challenges which are part and parcel of the game. But managing to go through such a turbulent phase without much damage is very comforting.”

"The change in categorization doesn’t necessarily lead to incremental inflow or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes," said Abhilash Pagaria of Nuvama.

The Nifty Realty index was trading 1.41 per cent down at 430.5.