Markets slip from record-high as surging crude plays dampener

The benchmark BSE Sensex was hit by a sudden spike in crude oil prices despite the country reporting positive macro economic indicators during the week.
The week saw the markets registering couple of record-highs boosted by the government's business-friendly economic agenda as well as optimism over important macro data of industrial production (IIP) and retail inflation amid increased buying by foreign funds (FIIs).
Barring IT, healthcare and tech which attracted good buying interest, other sectoral indices witnessed selling with realty, PSU, oil & gas, metal, power and banking witnessing the downslide.
The BSE-Midcap and BSE-Smallcap indices also closed down by 1.79-1.02 per cent.

The Sensex logged all-time intra-day high of 25,725.12 during the week and a low of 25,171.61 before concluding the week at 25,228.17, showing a weekly fall of 0.66 per cent or 168.29 points.
Similarly, the 50-issue CNX Nifty of the NSE also zoomed to a new intra-day peak of 7,700.05 before ending at 7,542.10, a loss of 41.30 points or 0.54 per cent.