Stock markets decline as crude oil prices surge
after close1 source ↓written by the desknot a recommendation
- 2.54
- 1,953.21 points
- and Nifty dropping
- 74,750.92
- 2.43
- 580.05 points
- 2.43
- 23,197.75
- rise in Brent
- 3.77%
Stock market indices Sensex and Nifty fell sharply in early trade on 19 Mar 2023, with the Sensex down 1,953.21 points (2.54%) at 74,750.92 and Nifty dropping 580.05 points (2.43%) to 23,197.75. The decline follows a 3.77% rise in Brent crude prices to USD 111.4 per barrel, impacting market sentiment amid ongoing foreign fund outflows.
Key laggards included HDFC Bank, which fell over 3% after the resignation of its chairman. Other notable decliners were Larsen & Toubro, Axis Bank, and Bajaj Finance. Only NTPC and Power Grid gained during this downturn.
Not investment advice. For informational purposes only.