Bourses dip as oil prices go up

Equities gave away most of overnight gains on Thursday to end lower as investors resorted to profit booking after oil touched new peaks. Realty metals and banks were the worst performers.

Bombay Stock Exchange’s Sensex closed at 13,056.74, down 607.88 points or 4.45 per cent. The index touched a high of 13,530.68, and low of 12,934.92.

National Stock Exchange’s Nifty ended at 3,920.45, down 172.90 points or 4.22 per cent. It touched a high of 4,097.35 and low of 3,874.85.

BSE Midcap Index closed 3.09 per cent lower at 5,146.93 while BSE Smallcap Index declined 2.56 per cent to close at 6,340.49.