Sensex sinks 400 pts on global cues; crude oil falls for 6th day

The 30-share BSE Sensex plunged 403.67 points or 1.51 percent to 26322.67 and the 50-share NSE Nifty fell 128.70 points or 1.57 percent to 8077.90. About three shares declined for every share advancing on Bombay Stock Exchange.
Asian markets extended sell-off with the Nikkei falling over 3 percent on yen gains and Hang Seng declining over 2 percent.
Oil prices fell for sixth consecutive day, following a lower than expected draw on US stockpiles and amid worries Britain might leave the European Union. Front-month US crude futures were down 53 cents, or 1.1 percent, at USD 47.48 a barrel and Brent crude was 49 cents, or 1 percent, lower at USD 48.48 a barrel.
Oil prices have fallen everyday after June 8, losing about 8 percent of their value.



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