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.