BSE IT index registers biggest losses among sectoral indices

The BSE Bankex, BSE Metal index and the BSE Teck index were the other major losers from the sectoral indices on BSE in that order.

A surge in crude oil prices and weak global stocks pulled key benchmark indices sharply lower today, 26 March 2015. Meanwhile as at 15:13 IST, the S&P BSE Sensex was down 678.69 points or 2.41% at 27,433.14. Higher crude oil prices could increase fiscal deficit and current account deficit and stoke fuel price inflation. India imports 80% of its crude oil requirement.

Among the sectoral indices on BSE, the S&P BSE IT index (down 2.67%) and the S&P BSE Bankex (down 2.46%) slumped. The fall in these indices was higher than Sensex's decline in percentage terms.

The S&P BSE Power index (down 0.71%), the S&P BSE Metal index (down 2.36%), the S&P BSE Oil & Gas index (down 1.33%), the S&P BSE FMCG index (down 1.49%), the S&P BSE Consumer Durables index (down 0.43%), the S&P BSE Teck index (down 2.05%), the S&P BSE Auto index (down 1.48%), the S&P BSE Healthcare index (down 1.83%) and the S&P BSE Realty index (down 1.3%), dropped. The fall in these indices was lower than Sensex's decline in percentage terms.

The S&P BSE Capital Goods index was unchanged and outperformed the Sensex.

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