INDIAN BENCHMARKS BSE index fell for a fifth session in six on post its worst weekly loss in three years as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel. Wrapped up the week ended in the red zone led by weak global environment. The Sensex was down by 3.26% and the Nifty fell 3.68% for the week ended.
The INDIAN BENCHMARKS SENSEX ended 0.9 percent lower at 27350.68 and the 50share NIFTY ended 0.8 percent down at 8224.10.
GLOBAL MARKET CHASE
ASIAN STOCKS got a lift on after upbeat U.S. spending data suggested weaker oil prices have some upside for the American economy, though a continued slide in crude prices kept gains in check and heralded a gloomy opening for Europe markets.
U.S. STOCKS falling oil prices slammed U.S. stocks on stoking concerns that assets in general may be overvalued in wake of years of ultra-loose monetary policy, with disappointing U.S. and Chinese data adding to the day's selloff.
EUROPEAN STOCKS were sharply lower on led by losses in the financial sector as well as among energy stocks as the Organization of the Petroleum Exporting Countries latest report continued to weigh.
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