Selling storm in government shares; SJVN to NBCC slipped by 20 percent

By Sudhakar Yadav February 12, 2024 2:26 PM IST
PSU Share- India TV Paisa
Photo:FILE PSU shares are under pressure.

There has been a break in Monday’s trading session due to the ongoing rise in government shares. Strong selling has been seen in these shares. From large cap to small cap, huge selling is being seen in most of the PSU shares. Till 1 pm, in Nifty 50, Coal India has slipped by 4.21 percent, BPCL by 3.88 percent, ONGC by 2.9 percent, NTPC by 2.15 percent and SBI by 1.81 percent.

These PSUs slipped in Nifty Midcap 100

Heavy selling is being seen in midcap PSU shares. Oil India’s share is 8.56 percent, NALCO’s share is 6.83 percent, Gujarat State Petro’s share is 6.11 percent, Indian Bank’s share is 5.11 percent, Bank of India’s share is 4.77 percent, Union Bank’s share is 4.47 percent, REC’s share is 3.93 percent, BHEL Shares of PNB were trading down by 3.56 per cent, Petronet LNG by 3.48 per cent, PNB by 3.31 per cent and Gujarat Gas by 3.11 per cent.

These PSUs fell in Nifty Smallcap 100

Big selling is being seen in smallcap PSU shares. Bharat Dynamics slipped 11.67 per cent, Ally 10.76 per cent, NBCC 10 per cent, EIL 9.32 per cent, RVNL 9.22 per cent, MCX India 8.46 per cent, IRCON International 8.12 per cent, BEML 7.61 per cent, RITES 7.22 per cent, Hindustan Copper 6.26 per cent and CDLL slipped 3.29 per cent. Are.

Apart from this, other government companies like SJVN 20 percent, New India Assurance 11.6 percent, NHPC 10.7 percent, IRFC 10.34 percent, HUDCO 9.99 percent, IOB 9.85 percent, General Insurance 9.52 percent, Central Bank 616 percent, NMDC 8.93 percent, NLC India 8.49 percent. , Bank of Maharashtra is trading down by 7.64 per cent, Bank of India by 5.06 per cent and LIC by 3.95 per cent.

condition of indian stock market

A big decline is being seen in Nifty and Sensex. As of 1 pm, Nifty is trading at 21,651 points, down 130 points or 0.60 percent, and Sensex is trading at 71,138 points, down 456 points or 0.64 percent.

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