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Crude oil prices could be the single biggest factor driving markets today

Oil prices hovered near 2019 peaks in early trading on Tuesday. Brent crude futures were at $74.33 per barrel at 6:21 am

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Crude oil prices could be the single biggest factor driving the markets on Tuesday as the US decided to end all Iran sanctions waivers by May, pressuring importers to stop buying from Tehran. Apart from this, announcement of March quarter earnings, stock-specific action and movement of rupee against the US dollar will also play a key role. On the political front, phase 3 of 2019 Lok Sabha elections might keep the indices volatile. 116 constituencies across 14 states and Union Territories will go to poll today. On Monday, the S&P BSE Sensex lost 495 points or 1.26 per cent to ...