Turmoil in Middle East and North Africa rattled the indices across the globe and also led to spike in commodities. Owing to such tensions, the Indian markets remained under pressure and closed the volatile session on a weak note. Investor sentiments were impacted looking at the global fall, leading to heavy selling with the Nifty closing below the 5500 mark. Crude oil prices rising 9% to above $94 a barrel on the New York Mercantile Exchange was also a major concern. However, index heavyweight Reliance Industries, which surged after signing a $7.2 billion deal with BP, provided much needed to the markets.The Sensex closed at 18296, down by 142 points and the Nifty stood at 5469, lower by 49 points.
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