Shares of oil marketing companies such as BPCL, IOCLBSE -5.07 % and HPCLBSE -8.17 % slipped as much as 8 percent as international crude oil prices shot up on concerns of supply disruption following tensions in Iraq.
Indian shares slumped nearly 1.5 percent on Friday, posting their biggest single-day fall in nearly 4-1/2 months as blue-chips such as ICICI Bank fell on risk aversion after crude oil scaled nine-month highs on rising violence in Iraq.
The 30-share BSE Sensex fell 348 points, the biggest drop since January 27, following geo-political tensions that overshadowed the positive economic data announced on Thursday.
For more: www.capitalheight.com
No comments:
Post a Comment