Sensex cracks over 300 points: 5 factors that spooked D-Street bulls - News Summed Up

Sensex cracks over 300 points: 5 factors that spooked D-Street bulls


NEW DELHI: Benchmark equity indices BSE Sensex and NSE Nifty slipped over 1 per cent on Monday on account negative domestic as well as global cues. The BSE Healthcare, Realty, Consumer Durables and Energy index fell over 2 per cent. Other indices including Metal, Power, Bankex and Telecom were also down between 1 per cent and 2 per cent.Strengthening crude oil prices in the international markets further dampened market sentiments on D-Street. OPEC is aiming to lift oil prices to $70 per barrel. Increasing crude prices can lead to prices of crude derivatives moving up impacting raw material prices.


Source: Economic Times November 07, 2017 09:22 UTC



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