Equity Tips with Stock Market Top Headlines by CapitalHeight

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Equity benchmarks extended losses in afternoon trade with the Sensex falling 215.64 points to 24588.64 and the Nifty down 61.20 points to 7477.55. The market breadth remained weak as about 1495 shares declined against 886 advancing shares on the BSE. HDFC, Lupin, ITC and Sun Pharma were top contributors to Sensex's losses.
Oil prices fell in Asian trade today, extending losses from the session before as concerns start to take hold that a six-week recovery will peter out as markets remain oversupplied. But with US crude stockpiles continuing to build and Iran showing little interest in joining major producers in freezing production, oil prices may have gained too much too soon in recent weeks. US crude futures were 50 cents lower at USD 36.68 a barrel.

The equity market, which opened on a weak note this morning on muted global cues, slipped further into the red as selling intensified and is currently trading notably lower. The mood is quite cautious on the bourses, with investors looking ahead to the monetary policy meeting of the U.S. Federal Reserve. The two-day meeting will get underway later in the day.