Reliance, ONGC plunge as EC holds gas price hike - The New Indian Express

Reliance, ONGC plunge as EC holds gas price hike

Published: 25th March 2014 10:19 AM

Last Updated: 25th March 2014 10:19 AM

Reliance Industries (RIL)and Oil & Natural Gas Corporation(ONGC)witnessed a sharp fallon Tuesdayafter theElection Commission decided to put on hold the revision of natural gas prices, scheduled from Apr. 1, 2014, until the model code of conduct ends on May 18.

Shares of Reliance Industries are trading at Rs 877.35, down Rs 27.25, or 3.01% at the Bombay Stock Exchange (BSE) on Tuesday at 9:45 a.m. The scrip has touched an intra-day high of Rs 881.00 and low of Rs 872.60. The total volume of shares traded at the BSE is 128,372.

ONGC shares declined Rs 11.45, or 3.56%, to trade at Rs 309.75 at the BSE (9.44 a.m.). The scrip has touched an intra-day high of Rs 311.40 and low of Rs 306.60. The total volume of shares traded at the BSE is 148,171.

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