Sensex and Nifty decline as oil prices surge
pre-market1 source ↓written by the desknot a recommendation
- 2
- 1,555.62 points
- and Nifty
- 72,977.34
- 2
- 479.95 points
- 2
- 22,634.55
Benchmark indices Sensex and Nifty fell sharply in early trade, with the Sensex down 1,555.62 points (2%) to 72,977.34 and Nifty down 479.95 points (2%) to 22,634.55. The rise in crude oil prices, now at USD 112.9 per barrel, and ongoing foreign fund outflows contributed to the bearish sentiment. Major laggards included Tata Steel, State Bank of India, and Bajaj Finance.
Not investment advice. For informational purposes only.