Indian equities drop 10.5% amid oil price surge
after close1 source ↓written by the desknot a recommendation
- both declining
- 10.5%
- closing
- 73,583.22
- respectively
- 22,819.60
- to spike above
- $110 per barrel
- increase
- 47.68%
Indian equity markets faced a significant sell-off, with the BSE Sensex and Nifty 50 both declining 10.5%, closing at 73,583.22 and 22,819.60 respectively. This sharp downturn was driven by escalating geopolitical tensions in West Asia, causing Brent crude oil prices to spike above $110 per barrel, a 47.68% increase from the previous month. The broader market also saw declines in midcap and smallcap indices, reflecting heightened sensitivity to global instability.
Not investment advice. For informational purposes only.