Indian Oil Corporation Ltd. shares fall 0.05% as Nifty drops
Shares of Indian Oil Corporation NSE 1.03 % Ltd. traded 0.05 per cent down at Rs 98.15 on Thursday at around 12:53PM (IST), while the benchmark BSE Sensex advanced 197.86 points to 49999.48.
As many as 732,728 shares changed hands on the counter with a total value of Rs 7.2 crore.
The stock quoted a 52-week high price of Rs 105.0 and a 52-week low of Rs 71.15.
On the technical charts, the 200-DMA of the stock stood at Rs 88.47, while 50-DMA was at Rs 98.33. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
