Nifty stocks that have witnessed losing momentum on the NSE on January 11, 2019
are HPCL, BPCL, GAIL, UltraTech and Bharti Infratel.
Hindustan Petroleum Corp Ltd:
Shares in HPCL plunged 6.3% this week led by strength in global crude oil
prices following US-China trade tariff talks. Shares ended 0.17% down at Rs
Bharat Petroleum Corp Ltd:
BPCL shares also slipped 6.1% for the week. The stock closed Friday’s
trade slightly up by 0.12% at Rs 336 per share
GAIL India Ltd: India’s
largest state-owned natural gas company GAIL’s shares declined 4.1% on weekly
basis. The scrip also ended lower by 1.8%
or Rs. 6.20 at Rs 337.70 per share on Friday.
UltraTech Cement: Mumbai
based cement company Ultratech’s shares shed 3.6% this week. The stock closed lower by 1.13% or Rs. 43.20
on Friday quoting at Rs 3,775 on the NSE.
Bharti Infratel Ltd: India’s
leading telecom tower infrastructures provider Bharti infratel’s shares plunged
3% for the week. The share price also ended
2.96% lower or Rs. 8.45 on Friday, quoting at Rs 276.60 apiece.