Sensex Slips 111 Points, Nifty Barely Holds 15,750; Reliance Plunges 7%
NDTV
Indian equity benchmarks on Friday extended their fall to the third straight session, dragged by heavy losses in index heavyweight Reliance Industries and other energy stocks after the government imposed export duties on oil products.
Indian equity benchmarks on Friday extended their fall to the third straight session, dragged by heavy losses in index heavyweight Reliance Industries and other energy stocks after the government imposed export duties on oil products.
State-owned Oil and Natural Gas Corporation (ONGC) and Oil India tanked up to 14.73 per cent.
The domestic indices, however, recovered from the day's low as a strong interest in consumer goods stocks countered losses in oil-sensitive stocks.
The 30-share BSE Sensex fell 111 points or 0.21 per cent lower to close at 52,908 today, while the broader NSE Nifty moved 28 points or 0.18 per cent lower to settle at 15,752. Sensex swung in a band of 959 points during today's session.
