sensex today: Political uncertainty, global oil price drags Sensex down almost 250 points

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NEW DELHI: Equity markets saw a dramatic fall in the last hour of trading as Sensex finished 238 points below previous closing mark at 35,149.12. The broader 50-share NSE Nifty too lost more than half a per cent to slip below the 10,700-mark.

The markets lost for the third straight day as political uncertainty in Karnataka kept lingering on despite BJP’s B S Yeddyurappa swearing in as the chief minister of the state. Moreover, brent crude oil price has now inched above the $80 per barrel- mark, stoking negative sentiments among investors.

Read: Rs 4 a litre hike in petrol, diesel prices in offing

On Thursday, the benchmark indices had opened in the green but started slipping a couple of hours into trading and could not arrest the slide since then.

All sectoral sub-indices closed in the red with Nifty FMCG losing more than a per cent.

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