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Markets in red. Oil jumps

Crude Oil prices have hit $100 a barrel on Wednesday after seeing a six-week surge in the prices. Back home, markets are trading in the red territory, with IT and auto stocks giving away heavily.

At 9:54 AM, the Nifty stands at 5005, down by 25 pts or -0.5%.

The CNX IT index has seen a decline of 1%. Infosys is down by 1.5%. Wipro is down by 1%. HCL Tech is also down by over 1.3%.

Tata motors, from the auto pack – is down by 1.6%. Maruti is down by 1.2%.

RIL has seen a cut of over 2$ and is trading at 831. SAIL is down by 1.3%. Ambuja cements is down by 1%.

Suzlon energy is down by 4%.

BPCL is however trading with 1.9% gains, as Crude oils have seen a surge.



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