Business / Sensex dives over 200 points as crude oil prices hit 5-month high

Soaring oil prices pulled the markets down with both equity indices opening in red on Monday. The BSE Sensex fell 202.81 points or 0.52 percent to 38,937.47 in early trade while the NSE Nifty dived 66.15 points or 0.56 percent to 11,686.65. Asian shares were steady as brent crude prices rose by 2.5 percent to $73.77 per barrel amidst reports that United States is preparing to announce on Monday.