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A Flip by Shubhangi Gupta
Shares of India's state-run oil marketing companies — Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC) — are trading with losses of as much as 7% on Monday, January 13. HPCL shares have declined 7% today, while BPCL and IOC are down 3% and 4%, respectively.
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IndusInd Bank share price rallied more than 3% on Monday despite a sharp fall in the Indian stock market today, on expectations of significant passive fund inflows due to likely doubling of its MSCI weight. IndusInd Bank shares gained as much as 3.80% to ₹973.30 apiece on the BSE. IndusInd Bank share price has fallen over 28% in three months and more than 32% in six months.
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Wockhardt share price jumped as much as 4 per cent in early trade on Monday, January 13, defying weak market sentiment. Wockhardt shares opened at ₹1,375.05 against their previous close of ₹1,386.95 and soon jumped 4 per cent to the level of ₹1,441.95. However, they pared some gains; around 10:50 AM, the stock traded 2.90 per cent up at ₹1,427 on the BSE.
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