Sensex declines 493 points on rising crude oil prices
after close1 source ↓written by the desknot a recommendation
- to close
- 77,235.46
- 0.55
- 132.75 points
- 0.55
- 24,154.90
- IT index
- 1.84%
Indian equity benchmarks fell sharply as crude oil prices topped $91 per barrel, causing caution among investors. The BSE Sensex dropped 492.7 points (0.63%) to close at 77,235.46, marking its third consecutive decline. The NSE Nifty also extended its losing streak, down 132.75 points (0.55%) to 24,154.90.
• Major laggards included Asian Paints, Infosys, and HCL Technologies.
• Axis Bank and Mahindra & Mahindra were among the few gainers.
• Technology shares faced significant pressure, with the BSE Focused IT index down 1.84%.
Not investment advice. For informational purposes only.