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OMC stock fall, ONGC dip over 5pc

Majority of stock in Oil Marketing companies (OMC) were trading in lower circuit in Monday’s session with their Nifty Energy index on NSE trading lower. 

Oil&Natural Gas Corp (ONGC) shares slipped 5.79%, Indian Oil Corp (IOC) dipped 5.35% , Hindustan Petroleum Corp (HPCL) plunged 2.09%.

Also NTPC down 4.49%, Tata Power down 4.16%, PowerGrid down 1.87%, Gail India down 1.63%, Reliance Infra down 1.37%  in the Nifty energy index.

At 2.50pm, The NSE Nifty50 index was falling by 245 points at 11,565 while the BSE Sensex dropped 743 points s at 38,770-marks.

Out of fifty-scrip Nifty stock index, mere 6-stocks namely YesBank, HCL Tech, Infratel, JSW steel, TCS and TechMahindra were trading in the green, on the contrary, the rest 44 stocks were declining with massive index fall.