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Equities slip to 7-month low as oil hits new high

Manic Monday saw the Sensex ending below the 53,000 mark and the Nifty falling below a strong support of 15,800 as oil prices soared over 10% on the risk of a US and European ban on Russian oil supplies as well as delays in talks on the Iranian nuclear accord. Investors also preferred to remain on the sidelines ahead of exit polls in five states, including the most populous one, Uttar Pradesh.

from Stocks-Markets-Economic Times
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