Read more about GAIL (India) Ltd down for fifth straight session on Business Standard. GAIL (India) Ltd is quoting at Rs 142.5, down 0.73% on the day as on 13:19 IST on the NSE. The stock jumped 90.89% in last one year as compared to a 66.58% rally in NIFTY and a 76.03% spurt in the Nifty Energy index.
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The Nifty recovered more than 150 points from the day’s low after it traded below 14950 while the Nifty Bank gained over 500 points led by private sector banks.
The recent template of the market has been one of “sell on rally”. The Nifty declined 150 points from the day’s high to close flat with a positive bias. The 50-stock index is facing resistance at its 20-DMA.
Read more about Hindustan Petroleum Corporation Ltd stays slippery on Business Standard. Hindustan Petroleum Corporation Ltd is quoting at Rs 235.45, down 3.17% on the day as on 13:19 IST on the NSE. The stock jumped 11.56% in last one year as compared to a 42.9% rally in NIFTY and a 54.07% spurt in the Nifty Energy index.