The S&P BSE Sensex traded in a narrow range after slipped nearly 100 points in early morning trade on Tuesday, tracking Asian markets which were trading lower after weak handover from Wall St and rout in oil prices which plunge to near seven-year low.
Brent crude futures dropped 5.4 percent to $40.66 per barrel on Monday, after the Organization of the Petroleum Exporting Countries’ (OPEC) policy meeting on Friday ended without an agreement to lower production, said media report.
The Nifty50 also traded rangebound and around its crucial psychological levels of 7,750.
The broader market traded with mild gains with the BSE midcap and BSE smallcap indices gaining 0.05 and 0.21 per cent, respectively. Among the sectoral indices, the BSE Metal was the top laggard, down 1.023 per cent
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