Wrap-up| Crude sinks Sensex

Wrap-up| Crude sinks Sensex

Mumbai: The BSE Sensex fell for the second day in a row as crude prices continued rising for a fifth straight day. Brent crude rates are currently hovering at about $122 per barrel and jittery investors are worried about higher inflation and increase in interest rates.

Crude oil concerns apart, the next set of triggers for stock prices would be 4th quarter earnings. One key thing to watch out for would be how operating profit margins have been affected by rising input costs.

BSE Sensex: 19612.2 -0.38%

Nifty: 5891.75 -0.31%

Nikkei: 9584.37 -0.32%

Topix: 839.61 -0.89%

Among the sectoral indices, BSE Realty pulled back as Unitech Ltd, which has the second largest weightage in that index, gained 6%.

BSE Realty: 2499.74 3.1%

BSE Consumer Durables: 6536.40 1.1%

Stocks that were in action included NTPC Ltd. The stock shot up on better than expected Q4 profits,which gained 24%. Sesa Goa’s stock shot up for a second day in a row after the Supreme Court order lifting iron ore bans.

NTPC: Rs191.25 1.78%

Cairn India: Rs351.10 -3.87%

Sesa Goa: Rs325.85 3.71%

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