BSE PSU index hits 18-month low; Bank of Baroda, NTPC at 52-week low

Thus far in the calendar year 2018, the S&P BSE PSU index has slipped 18%, against 4.6% rise in Sensex.

Shares of public sector undertaking (PSU) organisations were under pressure with the S&P BSE PSU index hitting its 18-month low on the BSE on Monday, after a fall in oil & gas and banking stocks.

At 12:00 PM: the S&P BSE PSU index was down 1% at 7,522, as compared to 0.17% decline in the S&P BSE Sensex. The PSU index hit an intra-day low of 7,506, its lowest level since December 27, 2016.

Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), Oil India, Indian Oil Corporation (IOCL) and Oil and Natural Gas Corporation (ONGC) from the oil