Markets

ONGC, HPCL most active stocks in terms of volume

NEW DELHI: With 0.48 crore shares changing hands, Oil and Natural Gas Corporation (ONGC) emerged as the most active stock in terms of volume on NSE in Thursday’s early trade.

Notably, the Cabinet has given an in-principle approval to sell the government’s entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to ONGC in a bid to create a state-run integrated oil major that can compete with private and foreign players, sources familiar with the matter said.

ONGC was followed by stocks such as Idea Cellular (number of shares traded: 0.26 crore), ITC (number of shares traded: 0.23 crore), HPCL (number of shares traded: 0.15 crore), PNB (number of shares traded: 0.09 crore), Kotak Bank (number of shares traded: 0.09 crore), SBI (number of shares traded: 0.08 crore), Bank of Baroda (number of shares traded: 0.06 crore) and ICICI Bank (number of shares traded: 0.06 crore).

Benchmark indices opened higher on Thursday amid positive trading in Asian markets after the Bank of Japan said that will keep buying assets at more or less the prevailing pace of 80 trillion yen a year.

Dow Jones, S&P 500, Nasdaq closed at record highs helped by strong Q1 earnings.

Benchmark Nifty50 index was 7 points up at 9,906, while the 30-share Sensex was 18 points up at 31,973 around 9.40 am (IST).

In the Nifty50 pack, 21 stocks were trading in green, while 28 stocks were in red.

On BSE, 1,003 stocks were advancing whereas 553 stocks were lagging.

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