POSITIVE CRUDE EFFECT

Investors should preferably invest in companies like
ONGC,
Reliance Industries and
Cairn India,
Particularly if oil continues to scale higher levels. Some other sectors that would be positively impacted because of high crude prices are oil rig companies like
Great Offshore,
Aban Offshore

and ancillaries like
Selan Exploration and
Shiv Vani Oil.

Shipping companies
Varun Shipping,
Shipping Corporation of India,
GE Shipping and
Essar Shipping, which carry crude, are also likely to benefit as demand will be higher.