Markets

Share market update: OMCs trade lower; Oil India plunges around 8%

NEW DELHI: OMCs were trading in the red with the S&P BSE Oil & Gas index trading 1.06 per cent down at 13,232.83 on Friday.

Shares of Oil India (down 7.63 per cent), Hindustan Petroleum Corporation (down 4.30 per cent), Castrol India (down 3.82 per cent) and Bharat Petroleum Corporation (down 2.20 per cent) were trading in the red.

Indian Oil Corporation (down 1.37 per cent), Oil And Natural Gas Corporation (down 0.53 per cent) and GAIL (India) (down 0.06 per cent) too were trading lower.

Benchmark NSE Nifty50 index was up 13.45 points at 10,872.15 while BSE Sensex was up 34.68 points at 36,205.09.

Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.

Shares of Reliance Communications, ICICI Lombard General Insurance Company, YES Bank, Idea Cellular, Vakrangee, JP Associates, Hindustan Zinc, Ashok Leyland, Sun Pharma and Suzlon Energy were among the most traded shares on the NSE.

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