Sensex drops 778 points as crude oil prices surge
after close1 source ↓written by the desknot a recommendation
- 1.04
- 778 points
- 1.04
- 74,003.82
- 1.19
- 279.5 points
- 1.19
- 23,118.60
Indian stock markets closed sharply lower on Tuesday, with the BSE Sensex falling 778 points (1.04%) to 74,003.82 and the NSE Nifty down 279.5 points (1.19%) to 23,118.60. This marks the Nifty's lowest close since April, driven by rising Brent crude prices above USD 107 and concerns over rate hikes.
The surge in oil prices raises import costs, impacting inflation and investor sentiment, leading to increased selling pressure after an initial positive opening. 📉
Not investment advice. For informational purposes only.