Tuesday, 7 November 2017

Sensex, Nifty Crack Amid Strong Oil Prices

Posted by suhani varma on Tuesday, November 07, 2017 with No comments


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A 2-1/2 year surge on global prices strained the Indian market on Tuesday, with benchmark indices losing well over 0.75 percent.

The Sensex fell 387 points intraday, while the Nifty fell over 135 points intraday.

Banks, pharmaceuticals, infrastructure and auto indices, among others, fell the most among all indices, while IT index stood out.


Lupin and Cipla were the top losers, while Infosys, HCL Tech and TCS gained the most.


Apart from oil price fall, technical factors, rupee movement, effects of Paradise Papers investigation and pharma pack correction led the decline on Sensex and Nifty

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