Sensex Edges Lower; Indian Oil, HPCL, BPCL Fall Sharply As Global Oil Prices Jump

At 9:21 am, 26 stocks on the 50-scrip National Stock Exchange benchmark index were trading in the negative zone. Top losers on the Nifty 50 were shares of state-run oil marketing companies Indian Oil, Hindustan Petroleum and Bharat Petroleum trading around 3-4 per cent lower. Global crude oil prices jumped back to near three-and-a-half-year highs after Mr Trump's announcement on Tuesday. A rise in global crude oil prices makes i...