Oil promoting companies’ shares declined following the Centre hiked excise responsibility on petrol and diesel and asked the OMCs to absorbe the price tag hike. BPCL crashed 9 per cent when HPCL tumbled ten per cent.
The S&P BSE Sensex fell 150 factors to 31,300 levels when the Nifty50 index gave up 9,two hundred. ITC (down 5%) and Axis Bank (down 4%) were being the major Sensex laggards.
The Nifty sectoral indices were being mostly in the purple, led by Nifty FMCG index, down 2.3 per cent.
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