The market is still in the red dragged by oil and
pharma stocks. The Sensex down 130.45 points at 27307.49. The Nifty is down
49.25 points or 0.6 percent at 8256.00. About 585 shares have advanced, 1891
shares declined, and 136 shares are unchanged.
HDFC, Dr Reddy's Labs, SBI, HUL and Hero Motocorp
are losers while Vedanta, Axis Bank, Tata Power and NTPC are top gainers in the
Sensex.
Brent crude prices held near a 4-4.5 month high
above USD 65 a barrel, supported by concerns over fighting in Yemen disrupting
Middle East supplies and signs that US shale output may have started to
decline.
The number of active US rigs drilling for oil has
fallen for a record 20 weeks in a row to the lowest since 2010, according to
Baker Hughes data, fuelling expectations of a drop in US production. For more
information please visit this site www.appsmine.org
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