The National Stock Exchange (NSE) Nifty50 index which opened near 10,704.35 closed on a lower note near 10,604.50, 61.45 points down. The market fell sharply due to rise in the crude oil prices to five-month highs dented in traders’ sentiment.
Selling pressure had seen in the Banking & financials, metal and auto stocks. On the other hand, the Nifty Bank Index closed at 29,845.30, down 239.35 points on yesterday.
Global Update: The five-month high seen in the crude oil prices is due to the concerns over exports from the war-torn Libya stoked tightness in the market.
Rupee Update: The Indian rupee depreciates by 44 paise to close at 69.67 against the US dollar.
Taking cues from previous trading segment and global sentiment it is expected to see a flat to positive opening in today’s trading session.