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BSE Sensex falter on oil rebound, derivatives expiry

Nov 26 2013, 11:23 IST
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SummaryShares rallied Monday on hopes oil prices would slump after Iran clinched nuclear deal with world powers.

The BSE Sensex is down 0.16 percent while the broader NSE Nifty falls 0.12 percent as oil prices recover after slumping on Monday, as traders question how quickly the Iranian nuclear accord could translate into higher supplies.

Indian shares rallied on Monday on hopes oil prices would slump after Iran clinched a nuclear deal with world powers.

Dealers say caution is also seen ahead of the expiry of November derivatives contracts on Thursday and July-September GDP data on Friday.

State-run oil companies fall on profit taking with Hindustan Petroleum Corp down 1 percent after surging 5.7 percent on Monday.

IT stocks fall, tracking a rebound in the Indian rupee this week. Infosys Ltd is down 0.5 percent, while Tata Consultancy Services Ltd falls 0.9 percent.

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