{"id":565,"date":"2019-09-05T22:51:40","date_gmt":"2019-09-05T22:51:40","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/09\/05\/psu-stocks-coal-india-ongc-end-up-to-7-higher-amid-tepid-stock-market-sensex-slumps-80-pts\/"},"modified":"2019-09-05T22:51:40","modified_gmt":"2019-09-05T22:51:40","slug":"psu-stocks-coal-india-ongc-end-up-to-7-higher-amid-tepid-stock-market-sensex-slumps-80-pts","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/09\/05\/psu-stocks-coal-india-ongc-end-up-to-7-higher-amid-tepid-stock-market-sensex-slumps-80-pts\/","title":{"rendered":"PSU stocks Coal India, ONGC end up to 7% higher amid tepid stock market; Sensex slumps 80 pts"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1667225 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets.jpg\" alt=\"kashmir sensex, markets kashmir\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets.jpg 660w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1667225 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets.jpg\" alt=\"kashmir sensex, markets kashmir\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets.jpg 660w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/08\/kashmir-sensex-markets-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Coal India shares were the biggest gainers in Nifty PSE Index ending 7.3% higher at Rs 195.45 on NSE.<\/span><\/figure>\n<\/div>\n<p>PSU stocks ONGC, Coal India, BPCL, IOC ended up to 7% higher on Thursday even as the headline indices Sensex and Nifty saw another tepid session in the stock market. Coal India shares were the biggest gainers in Nifty PSE Index ending 7.3% higher at Rs 195.45 on NSE. Shares of <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/oil-natural-gas-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">ONGC<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/bharat-petroleum-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BPCL<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/national-aluminium-company-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">National Aluminium<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/indian-oil-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">IOC<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/ntpc-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NTPC<\/a>, GAIL were the other major gainers, closing up to 5.3% higher. Taking stock of the gains in state-run firms\u2019 stocks, Naveen Kulkarni, Head of Research, Reliance Securities, said that the shares have seen heavy correction in recent times.\u00a0 \u201cPSU companies have seen consistent declines because of lot of supply from the government. However, the government\u2019s current stance of not willing to sell at distress valuations is a significant positive and that has been the reason for the interest in state-run stocks,\u201d he said.<\/p>\n<p><strong>Track live stock price:\u00a0 <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/oil-natural-gas-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">ONGC<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/bharat-petroleum-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BPCL<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/national-aluminium-company-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">National Aluminium<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/indian-oil-corporation-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">IOC<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/ntpc-ltd-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NTPC<\/a><\/strong><\/p>\n<p><strong>Also read:\u00a0<a href=\"https:\/\/www.financialexpress.com\/market\/psu-bank-stocks-mixed-pnb-shares-jump-on-moodys-upgrade-obc-bob-syndicate-bank-down\/1696894\/\" target=\"_blank\" rel=\"noopener noreferrer\">PSU bank stocks mixed: PNB shares jump on Moody\u2019s upgrade; OBC, BoB, Syndicate Bank\u00a0down<\/a><\/strong><\/p>\n<p>Meanwhile, the <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/bse-sensex\/\" rel=\"noopener noreferrer\">BSE Sensex<\/a> closed 80 points down at 36,644.20 as losses in banking and IT counters offset the gains in auto stocks. The broader Nifty, ended 3.25 points higher at 10,847.90. Shares of\u00a0HDFC, ICICI Bank, TCS, HCL Tech, Kotak Bank, Asian Paints, TechM and HUL, ended up to 2.7% lower. <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/auto\/new-cars\/tata\/\" rel=\"noopener noreferrer\">Tata<\/a> Motors, ONGC, Yes Bank, NTPC were among the biggest gainers in the Sensex pack, ending up to 7% higher. Among the various sectors,\u00a0<span style=\"font-weight: 400;\">BSE Oil &amp; Gas index Metal, Auto and Utilities index ended up to 2.5% higher. BSE Realty and Finance index emerged among the worst performers.<\/span><\/p>\n<p>Auto stocks gained on Thursday after Transport Minister Nitin Gadkari said that the <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/narendra-modi\/\" rel=\"noopener noreferrer\">Narendra Modi<\/a>-led government will provide the slowdown-hit auto industry all possible support, including taking up the demand of GST reduction with Finance Minister Nirmala Sitharaman. Tata Motors, <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/auto\/new-cars\/marutisuzuki\/\" rel=\"noopener noreferrer\">Maruti Suzuki<\/a>, M&amp;M ended up to 7% up.\u00a0\u00a0Meanwhile, the <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/indian-rupee\/\" rel=\"noopener noreferrer\">Indian rupee<\/a> gained 23 paise to 71.88 against the US dollar.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-385893862\"><div id=\"jobbi-612661739\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Coal India shares were the biggest gainers in Nifty PSE Index ending 7.3% higher at Rs 195.45 on NSE. PSU stocks ONGC, Coal India, BPCL, IOC ended up to 7% higher on Thursday even as the headline indices Sensex and Nifty saw another tepid session in the stock market. Coal India shares were the [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=565"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/566"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}