Opening Bell: Sensex, Nifty Open Lower; PTC India Financial Tumbles 16%

Sensex, Nifty Open Lower: India’s stock benchmarks opened lower, dragged by losses in information technology stocks, amid a retreat in equities across the world.

The S&P BSE Sensex shed 0.21% to 59,970.44. The NSE Nifty 50 also declined by similar magnitude to 17,905.65. Infosys Ltd. had the largest drop, falling 1.5%. In early trading, 25 of 50 shares fell, while 25 rose

Read More →

Indian Energy Exchange divest 4.93% equity stake to Indian Oil

India Energy Exchange on Wednesday announced divesting 4.93 per cent equity stake to India’s largest oil company Indian Oil Corporation. IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government’s vision of accelerating the share of gas in the energy mix to 15 per cent by 2030.

Read More →