BSE Sensex falls, ONGC rises 1 pct
MUMBAI (Reuters) - The BSE Sensex fell 0.4 percent early on Thursday as investors shifted their focus to a government share sale in Oil and Natural Gas Corp that aims to raise at least $2.5 billion.
ONGC rose 1 percent to 296 rupees. The government is selling a 5 percent stake in the country's largest oil producer at a floor price of 290 rupees a share. The one-day auction started at 9:15 a.m. (0345 GMT).
At 9:17 a.m. (0347 GMT), the main 30-share BSE index was down 0.44 percent at 17,671.8, with 17 of its components in the red.
The 50-share NSE index was fell 0.5 percent to 5,356.5.
(Reporting by Kaustubh Kulkarni; Editing by Ranjit Gangadharan)
- Tweet this
- Share this
- Digg this
- Google launches new email service dubbed "Inbox"
- Lax security in focus after attack at Canada's parliament
- India hope to get boxer Sarita Devi's suspension reversed
- China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
- Canada's parliament attacked, soldier fatally shot nearby
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article