Nifty CPSE index slips 3%; IOCL, Oil India hit 52-week lows

ONGC, Oil India, Coal India, NTPC, Bharat Electronics, PFC, NBCC, NLC India and IOCL were down 1% to 5% on the NSE in intra-day trade.

Shares of Central Public Sector Enterprises (CPSEs) were under pressure with Nifty CPSE index falling 3 per cent on the National Stock Exchange (NSE) on Wednesday.

Oil and Natural Gas Corporation (ONGC), Oil India and Coal India dipped more than 4 per cent in the intra-day trade. NTPC, Bharat Electronics, Power Finance Corporation (PFC), NBCC, NLC India and Indian Oil Corporation (IOCL) were down in the range of 1 per cent to 3 per cent on the NSE.

Of these, Oil India (down 5 per cent at Rs 139) and IOCL (down 1.6 per cent at Rs 113)