They typically go counter to the market .s trend. So one would expect more of this until you get an intermediate downtrend and that is when they shine. The connection is quite simple actually. Whenever there are these global intermediate downtrends, crude oil also comes down and that helps the prices of these stocks, at least the oil marketing companies in particular.
Oil and gas go counter to market trend: Deepak Mohoni - Economic Times
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So they remain good buys towards the beginning of intermediate downtrends because that is when they do well. They help your portfolio and they are anyway in individual bull market. So all that is pretty good. BSE Quotes and BSE Sensex are real-time and licensed from the Bombay Stock Exchange. NSE Intra-day quotes are 15 min. delayed. All quotes in IST.Oil and gas go counter to market trend: Deepak Mohoni - Economic Times
