Equity indices fall in early trading, Indian Oil slips by 3.7%

Equity benchmark indices were in the negative zone during early hours on January 20 as concerns over a cut in supply from Libya sent oil prices higher. At 10:15 am, the BSE S&P Sensex was down by 136 points to 41,810 while the Nifty 50 edged lower by 43 points at 12,310. Except for Nifty FMCG and realty, all sectoral indices at the National Stock Exchange were in the red. Among stocks, Indian Oil Corporation fell by 3.71 per cent at Rs 118.10 per share. IT majors too were down with HCL Technologies slipping by 1.6 per cent, Tata Consultancy Services by 1.3 per cent and Wipro by 1.1 per cent. The other prominent losers were Zee Entertainment, UPL, Kotak Mahindra Bank, Adani Port, Bharti Airtel and Hero MotoCorp. But Power Grid Corporation gained by 3.9 per cent at Rs 205.15 per cent.