Markets ended lower because of profit taking as crude oil prices which had eased yesterday following the landmark Iran deal staged a recovery nullifying the benefits of a lower import bill. As India imports most of its crude oil requirement, a lower import bill will help the country to trim its current account deficit and also contain inflation.
Market will remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month November to December and July-September GDP data on Friday.
The 30-share Sensex ended down 180 points at 20,425 and the 50-share Nifty slipped 56 points at 6,059. The Sensex and Nifty touched an intra-day low of 20,391 mark and 6,048 levels, respectively.
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