Oil prices have corrected by more than five times in the last one month. This comes as an enormous relief for companies who were hit by a powerful effect of rising crude oil along with a falling rupee
Benchmark indices ended lower on Tuesday as investors turned wary amid mixed global cues. Declining rupee and rising crude oil prices also put strain on stocks.
The BSE Sensex closed 174.91 points lower at 34,299.47, while the NSE Nifty50 ended 47 points, down at 10,301.05.