Wednesday 6 May 2015

Sensex, Nifty continue to bleed; Brent above $68/bbl

stock-market


Turbulence in market continues with all the sectors in the red. The Sensex is down 489.46 points or 1.8 percent at 26950.68 and the Nifty slips 157.25 points or 1.8 percent at 8167.55.

Brent crude prices spike up further trading above USD 68 per barrel. Crude oil futures surged by Rs 66 to Rs 3,923 per barrel today as speculators engaged in creating positions amid a firm trend overseas. In futures trading at the Multi Commodity Exchange, crude oil for delivery in May shot up by Rs 66, or 1.71 percent, to Rs 3,923 per barrel, with a business turnover of 3,292 lots. The oil for delivery in June also climbed by Rs 62 or 1.57 percent to Rs 4,010 per barrel in a turnover of 250 lots.

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