Taking Stock | Sensex, Nifty fall 1% each; how to trade volatile market?
Episode 2138, Jan 20, 2020, 11:21 AM
The Indian benchmarks, Sensex and Nifty, ended with deep cuts on January 20 despite hitting fresh all-time highs in early trade - thanks to a fresh wave of profit-booking that enveloped the Street amid concerns over rising global crude oil prices.
Oil prices rose to their highest in more than a week after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle, reported Reuters.