Free Indian Share Market Tips on Mobile

The BSE Sensex and the 50-share Nifty were extremely choppy Monday morning amid weak global cues. The rupee also slipped past 60 per dollar to over 1-month low as crude prices inched up to new nine-month highs. The NSE's volatility index surged over 2 per cent indicating increased uncertainty in markets.

Today's selloff comes on the back of sharp reverses in Indian stocks on Friday when the Nifty posted its biggest single-day fall in nearly 4-1/2 months.

Analysts have blamed rising crude prices for the turbulence in Indian markets. Higher crude oil prices, if sustained, would increase the subsidy bill and trade deficit, while falls also tracked dampened global equity markets.

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