Crude, Rupee Worries Remain | Crude Up Close To $79/bbl | Morning Call | CNBC-TV18

Indian market fell sharply on Tuesday in the last hour of trade as crude prices firmed up. Brent crude prices surged more than 1 percent to trade above $79 and Nymex around $70/bbl after Saudi Arabia’s statement that the country is comfortable with crude above $80/bbl. Post the leading Opec producer’s statement, the BSE Sensex plunged nearly 300 points to close at 37,291, while the Nifty fell 99 points to 11,279. Tuesday’s fall has been broad-based with Midcap Index edging 270 points lower to close below 19,000 and Nifty Bank shedding 379 points to close at 26,441. Market breadth settled in favour of declines with the NSE advance-decline ratio at 1:3. Ten of 11 sectoral indices closed with major cuts with financials and auto being top losers. FMCG was the only sector that ended higher with Nifty heavyweight Hindustan Unilever closing the day with a gain of nearly 4 percent. CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://goo.gl/hKwgtm Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Website: http://www.moneycontrol.com/cnbctv18/