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.