The emergence of these stocks were in contrast to the massive losses that the total market in early trade. The benchmark Sensex fell by 248.20 points to 16,741.98 to 1100 hours due to downgrade the U.S. crisis.
Analysts said oil marketing company stocks rose on optimism amid falling crude prices to help SOEs to reduce losses from the sale of fuel.
Indian Oil's shares rose 1.57% to hit a high of Rs 344.50 early, while HPCL was 2.62% to trade at Rs 407.45. BPCL was trading at Rs 704, up from 0.38% of its previous close.
Public sector energy major ONGC, also was quoted at 0.76% over Rs 284.75.
Airline stocks also gained a large drop in crude oil prices, jet fuel prices may decline. Jet Airways was trading up 0.48% to Rs 432.95, Kingfisher Airlines rose 1.11% RS 31.85, while SpiceJet fell to 1.24% to RS 27.85.
Brent crude, an important reference oil price fell 4.5% to $ 99.06 a barrel.