In response to a strong increase in the price of crude oil globally, profit-taking in banking, financial, and energy companies caused the equity benchmark index, the Sensex, to fall 551 points and finish below the 66,000 mark on Wednesday.
According to dealers, investors’ appetite for risk was further reduced by a slow trend in the world equities markets as a result of persistent geopolitical concerns.
The 30-share BSE Sensex fell 551.07 points, or 0.83 percent, to close at 65,877.02 following a day’s respite. It dropped to 65,842.10 during the day by 585.99 points, or 0.88 percent.
The Nifty dropped to 19,671.10, down 140.40 points, or 0.71 percent.
