Sensex, Nifty End Lower, Fall Over 2% This Week As Oil Prices Surge
\n\nBoth the Nifty and the Sensex ended the trading session lower and fell over 2 percent for the trading week as crude oil prices surging and hitting a 5-month high dented investor sentiment. The Nifty fell 0.39 percent or 87.65 points and closed at 22,600.00 while the Sensex fell 0.17 percent or 125.56 points and closed at 73,123.83. All sectoral indices ended the trading session in the red with heavy selling in metals and financials.
\n\nNifty Metal, Nifty Realty and Nifty PSU Bank indices were the worst performers of the trading session as investors pared exposure to economically sensitive sectors. The Nifty IT Index outperformed compared to other sectors during the trading day. Experts feel investors remained cautious throughout the session as geopolitical concerns dampened risk appetite and overshadowed stock-specific news and developments, thus keeping investors on the edge.
\n\nAnant Ladha, Founder of Invest Aaj For Kal told Times Now Digital, "crude oil rates remain a big risk for the Indian stock market going forward. India imports majority of crude and if crude prices are high, input cost of all the companies go for a toss and…
Original source: https://www.timesnownews.com/business-economy
