Share market update: PSU shares decline; Oil India falls 5%


NEW DELHI: Shares of PSU were trading with losses in Wednesday’s afternoon session.

Shares of Oil India (down 4.76 per cent), Coal IndiaNSE -5.07 % (down 4.67 per cent), Oil & Natural Gas Corporation (down 4.15 per cent), NTPC (down 3.5 per cent), Bharat Electronics (down 2.95 per cent), Power Grid Corporation of India (down 2.69 per cent), REC (down 2.05 per cent), Power Finance Corporation (down 1.97 per cent), National Mineral Development Corp (down 1.9 per cent), General Insurance (down 1.37 per cent), New Indian Assurance (down 1.03 per cent), Steel Authority of India (down 1 per cent), Bharat Petroleum Corporation (down 0.96 per cent), Indian Oil Corporation (down 0.65 per cent), National Aluminium Company (down 0.44 per cent), Container Corporation of India (down 0.3 per cent) and Bharat Heavy Electricals (down 0.12 per cent) were the top losers in the index.

The Nifty PSE index was trading 2.23 per cent down at 3102.25 around 12:13 pm.

Benchmark NSE Nifty50 index was down 45.65 points at 12124.2 , while the BSE Sensex was down 141.74 points at 41,182.07.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, YES Bank, Zee Ent., Tata Motors, Indian Oil Corp, ONGC, SBI, Ashok Leyland, Bharti Airtel and Coal India Ltd were among the most traded shares on the NSE.