The market extended losses for the second consecutive session today due to selling in FMCG, healthcare, metals and select banks stocks.The broader markets were marginally in red.
The 30-share BSE Sensex fell 127.15 points to 25990.70 and the 50-share NSE Nifty declined 40.50 points to 7890.85.
Asian stocks traded lower after US oil prices fell below USD 40 per barrel for the first time since August. A sell-off in US stocks sped up in late afternoon trade, after WTI crude settled USD 1.91 lower, or 4.6 percent, at USD 39.94 a barrel.
Government data showed a tenth straight week of inventory build-up, adding to worries over a supply glut.
Shares of ITC, Lupin, Tata Motors, ONGC, HUL, Cipla, Dr Reddy’s Labs and Tata Steel were down 1-2 percent.
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