SENSEX drops nearly 900 points as crude oil spikes
pre-market1 source ↓written by the desknot a recommendation
- to a low
- 892 points
- a low
- 73,371
- while NIFTY50 dropped
- 232 points
- amid rising crude
- 23,410
- per barrel
- $110
The SENSEX fell 892 points to a low of 73,371, while NIFTY50 dropped 232 points to 23,410 amid rising crude oil prices, now above $110 per barrel. The Indian rupee also hit a new low against the US dollar, further denting investor sentiment. Major losses were seen in HDFC Bank, Reliance Industries, and Tata Steel. 📉
The ongoing conflict in Iran and a drone strike at a UAE nuclear plant have exacerbated concerns, impacting market stability.
Not investment advice. For informational purposes only.