ONGC dips over 5% on gas price hike deferment 26/06/2014

ONGC dips over 5% on gas price hike deferment
26/06/2014 11:10
Shares of Oil and Natural Gas Corporation (ONGC) fell over 5 per cent in early trade on Bombay Stock Exchange (BSE) after the government defers its decision on gas price hike by three months till December 31, 2014. The shares of company fell as much as 5.12 per cent to trade at Rs 414.50 a piece on the BSE. However, shares of the company fell 5.09 per cent to Rs 414.60 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,186.06, down 127.68 points or 0.50 per cent at 11.06 hours.