Indian equity benchmarks were witnessing selling pressure at 10:46 hours as crude retested last week highs again yesterday. Even profit booking was another reason behind the marginal sell-off today as benchmarks rallied 3.5% on Wednesday, reacted to Budget 2011.
London Brent crude was trading at USD 116.60 a barrel, up USD 0.25 a barrel. There were reports that Libyan fighter jets fired on the oil terminal city of Masra El Brega
The sell-off was triggered by the arrest of a Shi
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