The NSE Nifty index was down 2.39% at 15,857 by 0349 GMT and the S&P BSE Sensex dropped 2.52% to 52,963.78. Both the indexes extended losses to a fourth straight session.
India is the world’s third-largest importer of crude oil. Rising prices push up the country’s trade and current account deficit while also hurting the rupee. The Nifty’s bank index, financial services index, auto index and IT index were among the top losers.
Complete News Source : Hindustan Times
