Weekly Downtrend:Top Nifty laggards this week

The 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 232.50.

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.

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