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Sensex slips 300 points as oil strength weighs on crude-linked stocks
Equity benchmarks closed lower as higher oil prices hit energy-sensitive stocks, while overseas volatility contributed to cautious domestic sentiment.
Benchmark indices declined as rising crude prices pressured oil-sensitive sectors, dragging Sensex lower by nearly 300 points. Energy-intensive stocks underperformed during the session. Overseas markets remained mixed, adding to caution. Infosys ADR witnessed sharp intraday movement following a short squeeze overseas, leading to temporary trading halts.
