Oil shares in focus; Cairn India plunges 3.5%

Cairn India has plunged 3.5% to Rs. 131. The scrip opened at Rs. 133.7 and has touched a high and low of Rs. 133.7 and Rs. 130.6 respectively.

Shares of oil stocks are in focus on Tuesday due to falling crude oil prices and OPEC decision against slashing high output levels. The Organization of the Petroleum Exporting Countries’s move to keep crude production running at current levels resulted in oil futures reeling by nearly 6% to settle at $37.65 a barrel, which is a seven-year low.

Cairn India has plunged 3.5% to Rs. 131. The scrip opened at Rs. 133.7 and has touched a high and low of Rs. 133.7 and Rs. 130.6 respectively. So far 14,56,487 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25432.51 crore.

Reliance Industries slipped 1% to Rs. 948. The scrip opened at Rs. 950.1 and has touched a high and low of Rs. 954 and Rs. 946.3 respectively. So far 661,544 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 308923.68 crore.

ONGC has slipped 3% to Rs.217.30.  The scrip opened at Rs. 222.5 and has touched a high and low of Rs. 222.5 and Rs. 216 respectively. So far 26,74,182 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 191728.53 crore.

Meanwhile, the Sensex is down 110 points to 25,420.