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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