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The S&P BSE Sensex and NSE Nifty 50 indexes were trading lower for second straight day on fears that a surge in crude prices following attacks on Saudi oil facilities could hurt the economy further. 

The S&P BSE Sensex and NSE Nifty 50 indexes were trading lower for second straight day on fears that a surge in crude prices following attacks on Saudi oil facilities could hurt the economy further. 

The S&P BSE Sensex fell as much as 293 points to touch an intraday 36,830.32 and the NSE Nifty 50 index fell close to 10,900 levels.

HDFC, Axis Bank, HDFC Bank, Reliance Industries, Larsen & Toubro and ICICI Bank were among the biggest drags on the Sensex.

Selling pressure in today's session was visible across the sectors as all sector gauges except the Nifty FMCG index were trading lower led by the Nifty Media index's 1 per cent decline.