HomeNewsBusinessMarketsGlobal cues, rise in oil drag Nifty below 5500

Global cues, rise in oil drag Nifty below 5500

Indian equity benchmarks retreated on Tuesday following a sell-off across the globe, tracking sharp rise in crude oil prices since yesterday due to rising concerns in Libya. The Nifty shut shop below the 5500-mark.

February 22, 2011 / 16:27 IST

Indian equity benchmarks retreated on Tuesday following a sell-off across the globe, tracking sharp rise in crude oil prices since yesterday due to rising concerns in Libya. The Nifty shut shop below the 5500-mark.

The worst is not over for the markets yet, believes Nischal Maheshwari, head of research at Edelweiss Securities.

first published: Feb 22, 2011 04:00 pm

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