Tuesday, 16 February 2016

Today Indian Market Overview



Sensex ends 362 points down, Nifty settles below 7,050; banking stocks plunge
Benchmark indices BSE Sensex and NSE Nifty plunged over 1 per cent on Tuesday on account of selling in frontline blue chip stocks.
Benchmark indices BSE Sensex and NSE Nifty plunged over 1 per cent on Tuesday on account of selling in frontline blue chip stocks. The sentiments were also affected after exports shrank for the 14th month in a row to 13.6 per cent in January.
Sensex closed 362.15 points down at 23,191.97, while Nifty settled 114.70 points down at 7,048.25.
Sensex was down 333 points at 23,220. Punj Lloyd, the diversified engineering, procurement and construction conglomerate has bagged oil & gas EPC orders worth Rs 2,070 crore from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC) which are owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC. The scope of work for the contracts includes the construction of a 14’ dia, 300 km natural gas liquid (NGL) pipeline and a 32’ dia, 301 km gas pipeline. Shares of Punj Lloyd were trading 1.12 per cent up at Rs 22.55.

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