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Equity indices fall by 2.6% as US oil prices dip below zero dollar a barrel

Apr 21, 2020

New Delhi, Apr 21 (ANI): Equity benchmark indices slipped by 2.7 per cent during early hours on Tuesday in line with Asian peers after US oil prices slipped below zero dollar a barrel in overnight trade. US crude futures turned negative for the first time in history following a collapse in oil demand as the coronavirus pandemic derails the global economy. At 10:15 am, the BSE S&P Sensex was down by 870 points or 2.75 per cent at 30,778 while the Nifty 50 edged lower by 248 points or 2.69 per cent at 9,013. Except...