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Share market update: OMCs trade in the red; IOC falls over 4%

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

The S&P BSE Oil & Gas index was trading 2.13 per cent down at 12,885.29 around 12:17 pm.

Shares of Indian Oil Corporation (down 4.53 per cent), Hindustan Petroleum Corporation (down 3.95 per cent), Bharat Petroleum Corporation (down 3.82 per cent) and Oil And Natural Gas Corporation (down 2.51 per cent) were the worst performers in the index.

Castrol India (down 1.39 per cent), GAIL (India) (down 1.31 per cent) and Reliance Industries (down 1.20 per cent) too were trading lower.

Benchmark NSE Nifty50 index was down 39.30 points at 10,754.35 while the BSE Sensex was down 93.87 points at 35,940.24.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Shares of YES Bank, CG Power, Reliance Communications, Reliance Power, DHFL, JP Associates, NALCO, Dish TV India, Reliance Capital and Reliance Infra were among the most traded shares on the NSE.

Source: Economic Times