Stock Market

Stock market update: BPCL, HPCL, IOC drag BSE Oil Gas index down

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Losses in shares of BPCL (down 3.25 per cent), HPCL (down 2.99 per cent) and Indian Oil Corporation (IOC) (down 2.56 per cent) dragged the BSE Oil Gas index down in Wednesday's session. The BSE Oil Gas index was trading 0.78 per cent down at 14,448 around 01:20 pm.

Shares of Petronet LNG (down 0.90 per cent), Oil India (down 0.81 per cent) and GAIL (India) (down 0.54 per cent) too were down.

However, Indraprastha Gas (up 0.91 per cent), Castrol India (up 0.85 per cent), ONGC (up 0.60 per cent) and Reliance Industries (up 0.11 per cent) were in the green, capping the fall of the sectoral index.

Weak Asian cues, wobbly crude oil price and rupee's fresh fall weighed on domestic market sentiment. Investors await index of industrial production (IIP) for July and inflation data for August, scheduled later today, for further direction.

Benchmark BSE Sensex was up 65 points at 37,478, while the NSE Nifty50 index was up 10 points at 11,297. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.

In the Sensex index, 16 stocks were advancing and 15 were declining. Sun Pharma, Powergrid and ITC were leading the pack of Sensex gainers. Axis Bank, Tata Motors, Mahindra Mahindra and ICICI Bank, however, were experiencing selling pressure.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21