Major Indian stock indices including Bombay Stock Exchange's benchmark SENSEX and National Stock Exchange's NIFTY 50 index closed in red today as investors booked profits from previous rallies. Falling oil prices also lowered investor sentiment.
The 30 component BSE's SENSEX ended the day at 27425.73, down by 159.54 points. National Stock Exchange's broader index NIFTY ended the day at 8299.40, declining by 28.30 points today.
All the sectoral indices remained in red with healthcare and FMCG sector indices only the exceptions. Crude oil is all set to fall further as OPEC has decided against the output cut, probably they can sustain their economies until US starts feeling pinch of increased production cost of shale oil. Oil is all set to fall until mid of 2015 with price predicted to touch as low as 30 USD per barrel.