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The S&P BSE Sensex starts on a cautious note on Tuesday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in ITC, Infosys, ICICI Bank, TCS, Tata Motors, and Maruti Suzuki.The Nifty50 too came under pressure but was trading above its crucial psychological support level of 7,800, supported by gains in realty, power, and consumer durable stocks.
India's crude oil imports from the Asia-Pacific region spiked last month as its refiners looked beyond their traditional suppliers for cheaper purchases amid a global supply glut.Crude imports from points east of India, mainly Malaysia and Australia, surged to 187,000 barrels per day (bpd) in October, the highest since April 2014, according to ship tracking data obtained from sources.
The S&P BSE Sensex starts on a cautious note on Tuesday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in ITC, Infosys, ICICI Bank, TCS, Tata Motors, and Maruti Suzuki.The Nifty50 too came under pressure but was trading above its crucial psychological support level of 7,800, supported by gains in realty, power, and consumer durable stocks.
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