Indian equity benchmarks continued the downtrend for the second consecutive session on the back of a fall in European markets and a further rise in crude oil prices.
The Nifty ended below the 5450 level on Wednesday.
Indices were quite choppy since morning but slipped into the red in the last one hour of trade.
Crude oil inched up 2.5% to USD 96.08 a barrel today - its highest level since October 2008.
On growing fears that the unrest in Libya could spread to other top oil producers in the region and cut output further.
Violent clashes in Libya have resulted in at least three oil companies halting output in Africa's third-largest producer, which pumps 1.6 million barrels per day (bpd), or nearly 2% of global supply.
But RIL showed a positive trend due to their contract with British Petroleum, This helped the market to maintain the support level of 5400.
Regards Hari "लोका समस्ता सुखिनो भवन्तु "
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