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%.
Suzlon energy is down by 4%.
BPCL is however trading with 1.9% gains, as Crude oils have seen a surge.