The shares of Indian Oil Corporation Ltd. was up by 1.67% on Friday sometime before 11.30am (IST) on Friday. The BSE Sensex meanwhile advanced 107.05 to close at 46981.41.
Shares worth Rs.9.1 crore were traded on the stock market on Friday. The 200-daily moving average (DMA) of stocks were at Rs.85.21 while the 50-DMA stocks were at Rs.92.34. Above 50-DMA and 200-DMA technically means that there is an upward movement of the immediate trend. Stocks below 50 DMA and 200 DMA means the trend is bearish, and if it trades between the two then the trend is uncertain.
The shares of Indian Oil Corporation Ltd. have increased 20.41% in the since last year, while Sensex at the same time rose to 12.92%