Top losers in BSE Oil & Gas: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) B P C L 383.65 417.20 -33.55 -8.04 H P C L 277.05 299.35 -22.30 -7.45 I O C L 156.25 166.55 -10.30 -6.18 GAIL (INDIA) 323.60 342.85 -19.25 -5.61 INDRAPRASTHA GAS 253.05 262.10 -9.05 -3.45 Nifty PSU Banks ended 2.43% lower today. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) IDBI BANK 50.70 54.45 -3.75 -6.89 SYNDICATE BANK 41.00 43.75 -2.75 -6.29 ANDHRA BANK 31.80 33.30 -1.50 -4.50 PUNJAB NATL.BANK 76.75 79.85 -3.10 -3.88 BANK OF INDIA 88.70 92.20 -3.50 -3.80 Nifty sectoral losers of the day BSE Sensex: HDFC Bank top gainer of the day, ICICI Bank, Tata Motors, SBI among top losers Market at close The S&P BSE Sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points. Gold falls to Rs 31,570 on weak global cues, muted demand Gold remained weak for the second straight day and drifted lower by Rs 25 to Rs 31,570 per 10 gram amid weakening global trend and easing demand from the local jewellers at the bullion market today. Silver slipped below the Rs 41,000-mark, declined by Rs 120 per kg, due to reduced offtake by industrial units and coin makers. READ MORE
The S&P BSE Sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points.
Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India. Shares of public sector banks (PSBs) fell on concerns of stress in the banking sector after the Reserve Bank of India (RBI) on Tuesday said Gross NPA ratio of banks is likely to rise from 11.6 per cent in March 2018 to 12.2 per cent by the end of the current financial year ratio.
Among individual stocks, the oil marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) fell up to 8% on the BSE as global oil prices rose amid supply disruptions.
Oil prices rose on Wednesday on a supply disruption in Canada, falling US crude stocks, uncertainty over Libyan exports and after US officials told importers to stop buying Iranian crude from November.
(WIth inputs from Reuters)