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Share market update: OMCs trade in the red; GAIL falls nearly 4%


NEW DELHI: OMCs were trading in the red in Monday’s afternoon trading session.

Shares of GAIL (India) (down 3.86 per cent), Bharat Petroleum Corporation (down 1.54 per cent), Oil And Natural Gas Corporation (down 1.04 per cent ) and Indraprastha Gas (down 0.89 per cent) were trading in the red.

Oil India (down 0.74 per cent), Reliance Industries (down 0.46 per cent) and Petronet LNG (down 0.42 per cent) too were among the worst performers in the index.

The S&P BSE Oil & Gas index was trading 0.97 per cent down at 13,058.35 around 12:21 pm on Monday.

Benchmark NSE Nifty50 index was down 91.95 points at 10,703 while the BSE Sensex was down 283.04 points at 35,726.80.

Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red.

Shares of Reliance Communications, YES Bank, Vakrangee, NTPC, Federal Bank, JP Associates, Infosys, Jet Airways, HFCL and JSPL were among the most traded shares on the NSE.

Source: Economic Times