Investors were concerned over surging global crude prices, which climbed to over three-year highs to trade at $71 a barrel, and negatively impacted sentiments, traders said. Photo: MintMumbai: Stock markets took a breather after a six-session dizzying rally, with benchmark indices Sensex and Nifty skidding from their closing peaks after emergence of sell-off in recent high-flying counters. During the period, the 30-share Sensex added 538.86 points or 1.51%, while the broader Nifty gathered 174.95 points or 1.60%. Other state-run lenders Punjab National Bank and Bank of Baroda also retreated by up to 7.07%. Investors were concerned over surging global crude prices, which climbed to over three-year highs to trade at $71 a barrel, and negatively impacted sentiments, traders said.

Source: Mint January 25, 2018 18:00 UTC