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
Trending On Reuters
India's space agency successfully tested on Thursday its most powerful satellite launch vehicle that can put heavier payloads into space, and, it hopes, win India a bigger slice of the $300 billion global space industry. Full Article