Nifty
keeps on staying in the red zone but has improved from day's bottom line amid
gains in the Nifty Metal and IT index. Nifty Metal index rose 1.74% with
Vedanta Ltd (up 4.14%), Jindal Stainless (Hisar) Ltd (up 3.25%), National
Aluminium Company Limited (up 2.14%),among other constituents.
At
2:10 PM, the BSE Sensex was trading at 33,94851, up 68.26 points, while the NSE
Nifty50 index was trading at 10,415.95, up 13.50 points.
Shares
of Oil companies fell 8% on reports government to ask the firms to absorb Re 1
per litre increase and pass on the maximum possible advantage to the customers.
Shares
of Hindustan Petroleum Corpn (HCPL) tanked 7.65% , Indian Oil Corpn Ltd (IOCL) down
6.78% , Bharat Petroleum Corpn (BPCL) down
7.27%, Chennai Petroleum Corporation plummeted 5.09%, Mahanagar Gas dipped
3.40% and GAIL India dropped 1.73% to on NSE today, post lunch hours of deals.
The
Nifty PSU bank index traded lower by over 2.21% as stocks such as Indian Bank, Bank
of Baroda, Oriental Bank of Commerce, Allahabad Bank, State Bank of India dragged
the index lower.
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