Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty ended deep in the red, snapping their four day gaining streak. Broader markets continued to outperform benchmark indices.
Broader markets again outperformed benchmark indices.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices Sensex and Nifty scaled to new all-time highs on Thursday but ended deep in the red amid a volatile trading session. S&P BSE Sensex closed 580 points lower at 43,599 points while the 50-stock Nifty ended at 12,771. Among top gainers were Powergrid and ITC, both surging over 2%, followed by NTPC and Tata Steel. Dragging the index lower were banking and finance sector stocks. SBI shares fell 4.88% followed by Axis Bank and ICICI Bank.
Anil Agarwal-led Vedanta Group on Wednesday said that it is among those who have submitted EoIs for the government’s stake in Bharat Petroleum Corporation Ltd. (BPCL). The government of India is looking to sell its 52.98% stake in the oil refinery and marketer as a part of its divestment target. “Vedanta’s expression of interest (EoI) for BPCL is to evaluate potential synergies with our existing oil and gas business. The EoI is at a preliminary stage and exploratory in nature,” a spokesperson for Vedanta said. While there are others who have expressed interest in BPCL, the names of those parties have not surfaced yet. However, reports claim that big wigs like Reliance Industries, Saudi Aramco, Total, and BP have not bid for BPCL.