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Home » business » Sensex ends 97 points lower on higher crude prices

Sensex ends 97 points lower on higher crude prices

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India stocks lower; Sensex drops for 9th day to end at 37,090 while Nifty ends below 11,150

Mumbai, A continuous rise in global crude oil prices, along with caution ahead of key micro-economic data to be released later in the day, dragged the Indian equity market into the red on Friday.

The benchmark Brent crude prices rose over 0.5 per cent to cross the $62 a-barrel-mark.

Stocks of IT, banking and finance sectors were heavily sold.

Realty sector stocks also ended 1.43 per cent lower after Finance Minister Arun Jaitley said at Thursday’s GST Council Meeting that owing to diverse opinions, a decision on the much-expected rate reduction for under-construction homes will be taken at a later meeting.

Index-wise, the Nifty50 declined by 33.55 points or 0.31 per cent to settle at 10,821.60.

The S&P BSE Sensex closed at 36,009.84, lower by 96.66 points or 0.27 per cent from the previous close of 36,106.50.

It had opened at 36,191.87 points and touched an intra-day high of 36,214.26 and a low of 35,840.60.

Key macro-economic figures like forex reserves, Industrial Production and manufacturing output are set to be released later in the day.

–IANS

(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
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