 "BSE, stock market, Sensex")
Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite.
Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on Russia, which accounts for around 10 per cent of global oil output.
A weakening rupee and persistent foreign fund outflows also weighed on sentiment, traders said.
The 30-share BSE Sensex started the trade on a firm footing and jumped 527.72 points in morning deals to a high of
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