Cairn India (down 1.75% to Rs 302.30), Oil India (down 1.53% to Rs 1,205) and ONGC (down 1.14% to Rs 256.30) edged lower.
Meanwhile, the BSE Sensex was down 178.73 points, or 1.09% to 16,192.78.
Cairn India had outperformed the market over the past one month till 18 November 2011, rising 4.01% compared with the Sensex's 2.25% fall. The scrip had also outperformed the market in past one quarter, gaining 11.47% as against 0.6% decline in the Sensex.
Oil India had underperformed the market over the past one month till 18 November 2011, declining 3.79% compared with the Sensex's 2.25% fall. The scrip had also underperformed the market in past one quarter, sliding 6.54% as against 0.6% decline in the Sensex.
ONGC had outperformed the market over the past one month till 18 November 2011, declining 1.65% compared with the Sensex's 2.25% fall. The scrip had, however, underperformed the market in past one quarter, sliding 6.02% as against 0.6% decline in the Sensex.
Oil fell for the third day in a row as investors speculated that fuel demand may falter amid signs of slowing global economic growth in Asia and debt crises in the US and Europe. Lower crude oil prices will result in lower realization from crude sales for oil exploration firms. Crude for January 2012 delivery was down 82 cents or 84% at 96.85 a barrel. Front-month prices dropped 1.6% last week.
