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Oil price rise pulls Sensex down in volatile trade
Higher oil prices dragged Indian equities lower, with sharp sectoral losses in consumer durables, realty, pharma, healthcare, and auto stocks.
Equity indices declined as rising crude oil prices weighed on market sentiment. The Sensex fell around three hundred points, while the Nifty closed lower amid broad based selling. Sectoral indices showed weakness, with consumer durables, realty, pharma, and healthcare stocks falling close to two percent. Auto stocks also slipped, declining nearly one point seven five percent during the session as global energy supply concerns persisted.