{"id":290259,"date":"2019-09-04T05:04:49","date_gmt":"2019-09-04T05:04:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290259"},"modified":"2019-09-04T05:04:49","modified_gmt":"2019-09-04T05:04:49","slug":"omcs-slip-up-to-5-after-reports-say-govt-may-sell-stake-in-bpcl-to-iocl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omcs-slip-up-to-5-after-reports-say-govt-may-sell-stake-in-bpcl-to-iocl\/","title":{"rendered":"OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL"},"content":{"rendered":"<p>Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) slipped up to nearly 5 per cent in the morning trade on Tuesday after reports said the government may sell its entire stake worth a little more than Rs 40,000 crore in BPCL to IOCL. <\/p>\n<p>At 10:28 am, the stock of IOCL was trading over 4 per cent lower at Rs 117.45 apiece on the BSE. It hit a low of Rs 116.70, down 4.69 per cent earlier in the trade. BPCL was quoting 3 per cent lower at Rs 344.40 while HPCL was trading at Rs 252, down 3 per cent. In comparison, the benchmark S&amp;P BSE Sensex was trading over 1 per cent lower at 36,912 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) slipped up to nearly 5 per cent in the morning trade on Tuesday after reports said the government may sell its entire stake worth a little more than Rs 40,000 crore in BPCL to IOCL. At 10:28 am, the stock of IOCL was trading over 4 per cent lower at Rs 117.45 apiece on the BSE. It hit a low of Rs 116.70, down 4.69 per cent earlier in the trade. BPCL was quoting 3 per cent lower at [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-290259","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=290259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}