Share market update: OMCs trade in the red; ONGC dips over 2%

NEW DELHI: OMCs were trading in the red in Thursday's session with their sectoral index on BSE trading lower.

Shares of Oil And Natural Gas Corporation (down 2.24 per cent), Hindustan Petroleum Corporation (down 0.89 per cent), Petronet LNG (down 0.70 per cent) and Castrol India (down 0.69 per cent) were trading lower.

GAIL (India) (down 0.66 per cent), Reliance Industries (down 0.55 per cent), Gujarat State Petronet (down 0.17 per cent) and Bharat Petroleum Corporation (down 0.07 per cent) too were trading with losses.

The S&P BSE Oil & Gas index was trading 0.62 per cent down at 14,134.28 around 11:22 am.

Benchmark NSE Nifty50 index was down 36.20 points at 11,651.30 while the BSE Sensex was down 112.75 points at 39,102.89.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.

Shares of YES Bank, Spicejet, Dish TV India, Vodafone Idea, Adani Power, Bank of Baroda, L&T Fin Holding, Godrej Consumer, Federal Bank and PNB were among the most traded shares on the NSE.