Loading Ticker...
You Are Here: Home » Sensex

Sensex Crashes, ICICI Bank loses 1%

The BSE Sensex falls down for a second consecutive day on Thursday as the investors took profits on expiry of monthly derivatives amid concerns about high oil prices. BSE today closed down at 0.37%, or 66.75 points, at 18, 078.50, after climbing into positive territory for second time. 18 of its components declined.

ICICI Bank Logo

ICICI Bank Logo

“The markets are in trouble because of the expiry of derivative contracts today,” said Neeraj Dewan, director of Quantum Securities in New Delhi. India is looking towards in profit taking in short term after recent outer-performance, rising oil prices, and seasonally tighter monetary conditions, UBS said in a note.

BSE Logo Bombay Stock Exchange

BSE Logo

“India has asked Saudi Arabia to increase supply of oil by 4-5 million tons every year as the country is expanding its refinery capacity to meet growing consumption,” Oil Minister, S. Jaipal Reddy said. ICICI Bank was among the leading losers, falling 1.4% on profit taking.


Share this post

Subscribe to our updates via e-mail or get our  RSS Feed
Enter your email address:

Other Related Stories: