Markets remain weak; BSE Oil & Gas index slips over 3%

ONGC is the top loser among the 30-shares Sensex pack which slipped over 6%

Markets continue to trade in the negative zone in noon trades dragged by financials, oil & gas shares.  

 

At 13.45 PM, the S&P BSE Sensex slumped to over  30 points as it traded at 25211 while the CNX Nifty slipped over 10points as it traded at 7546.

 

Meanwhile, India’s concern for crude rose amid media reports of attacks on NATO fuel trucks on the Afghanistan-Pakistan border.

 

Broader markets also remained under pressure with BSE Mid-cap index slipping below 0.4% and BSE Small-cap index was marginally down by 0.2% .

 

Market breath at the BSE was weak with 1558 scrips declining and 1228 advancing  

 

Sectors and Stocks

 

Amongst sectoral indices, BSE Oil & Gas index was the top loser which slipped over 3%, other indices that slipped are: Metal and Bankex indices as it was down nearly 1% followed by Power down over 4%.

 

On the gaining side, BSE IT index was the top gainer as it surged over 1% followed by Auto, Consumer Durable and Realty, all up above 1%    

 

ONGC was the top loser among the 30-shares Sensex pack as it was down over 6% followed by RIL, Coal India, Maruti Suzuki, all down between 2-3%.

 

At the winning side, Infosys zoomed over 1.5%. Other shares that gained are Tata Motors, Wipro and M&M, all up over 1%.