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Nifty CPSE index nears 4-year low; BEL tanks 9%, ONGC down 4%

ONGC and Oil India hit their respective 52-week lows of Rs 111 and Rs 132

psu, etf, disinvestment, funds, CPSE, sale, govt, divest

Illustration: Binay Sinha

SI Reporter Mumbai
Shares of Central Public Sector Enterprises (CPSEs) continued to reel under pressure with the Nifty CPSE index trading near four-year low after falling 3 per cent on the National Stock Exchange (NSE) on Friday.

At 10:02 am, Nifty CPSE index, the top loser among thematic indices, was down 3 per cent at 1,720 on the NSE. The index has fallen below its previous low of 1,757.75, touched on August 23, 2019. It was trading at its lowest level since February 12, 2016, when it hit a low of 1,704 in intra-day deals.

Since January 15, 2020, the Nifty

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First Published: Jan 31 2020 | 10:25 AM IST

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