Anguished by vehicle and manufacturing sector stocks, the equity indices ended lower on Thursday. The Sensex ended 76.47 points or 0.19 percent down at 40,575.17. While the Nifty lost 30.70 points to finish at 11,968.40.
Disinvestment Secretary T.K. Pandey notified the media about disinvestment of BPCL to be executed in two phases.
Petroleum Corporation Limited (BPCL) on Thursday finished up with 5.7% lower at Rs. 513.50 a share on the NSE after the government declared plans for its divestment. L&T finished up with 0.89% above Rs.1393 a share with that Tata steel ended up with 3.35% lower at Rs. 385.20 a share.
Telecom stocks witnessed profit-booking after the Cabinet’s nod for a two-year moratorium on spectrum-related dues. Bharti Airtel ended 2.39 percent lower at Rs 426.85 individually and Vodafone Idea fell 5.67 percent to Rs 6.65 a share on the NSE.
Zee Entertainment advanced nearly 12 % to Rs 343 apiece after Subhash Chandra-led Essel group on Wednesday and he told that it is planning to sell a 16.5 percent stake in Zee Entertainment Enterprises Ltd (ZEEL) to financial investors in order to reimburse loan obligations and certain lenders of the organization. Well, this is an ongoing current scenario we can only hope for good economic conditions.