INSUBCONTINENT EXCLUSIVE:
Market benchmark indices Sensex and Nifty fell on Wednesday as shares of oil marketing companies slipped on higher crude prices, and the
Increased demand for the American currency put pressure on the rupee, according to market observers
2.93 percent, steepest fall among sectoral indices.Global Oil prices rose on Wednesday as a supply disruption in Canada tightened the market
and after US officials told importers to stop buying Iranian crude from November
Uncertainty over Libyan exports also supported crude, traders said
Brent crude futures had climbed 61 cents, or 0.8 percent, from their last close to $76.92 per barrel by 12.20 pm
posted maximum gains in the morning trade
positions by speculators ahead of Thursday's June series expiry in the derivatives segment also supported the uptrend
Domestic institutional investors (DIIs) bought shares Rs 238.05 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 538.40
on sentiment in the region, while oil climbed as the United States pressured allies to stop buying Iranian crude, reported Thomson
Reuters.MSCI's broadest index of Asia-Pacific shares outside Japan lost another 0.3 percent after touching a two-year trough on
Tuesday.Chinese blue chips eased 0.4 percent to be a whisker above 13-month lows as a settlement of Sino-United States tensions remained a
distant prospect.On Tuesday, gold also fell by Rs 55 in Delhi's bullion market
31,595 per 10 grams on Tuesday, mainly on sluggish trend overseas amid easing demand from local jewellers
(With inputs from Reuters)
