The Indian markets were butchered owing to relentless selling in all the sectors and also bleeding in heavyweights like Reliance Industries, HDFC and L&T. Foreign money outflow could be another reason that sent the Nifty to break 5500-mark yesterday for the first time since September 06, 2010. Negative European markets also spooked sentiments. Broader indices were badly hit as compared to benchmarks this week.
U.S. slated to sell $375 million of emergency reserve oil this winter
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