India's BSE index falls 1.3 percent while the NSE index is down 1.4 percent, heading towards their biggest single-day fall since Jan. 27 as crude oil scaled nine-month highs on Friday on the escalating civil war in Iraq.
Investors say higher crude oil price, if sustained, would increase India's subsidy bill and trade deficit. Among blue-chips, Reliance Industries falls 1.5 percent while Axis Bank slumps 3.1 percent.
Tata Motors falls 2 percent while NTPC is down 4.2 percent.
The 50-share index was at 7,532.40, down 117 points or 1.53 per cent. It touched intraday high of 7,678.50 and a low of 7,525.35 in trade today.
The S&P BSE Sensex was at 25,197.57, down 378 points or 1.48 per cent. It touched intraday high of 25,688.31 and a low of 25,171.61 in trade today.
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The
S&P BSE Sensex was at 25,197.57, down 378 points or 1.48 per cent.
It touched intraday high of 25,688.31 and a low of 25,171.61 in trade
today.
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