Indian Markets Dive In The Middle Of Geopolitical Tensions
New Delhi: Indian stock exchange saw a significant downturn on Monday, with the Sensex and Nifty both dropping nearly 0. 9 % in early trading. The decrease accompanies escalating tensions in between the U.S. and Iran, triggering a spike in oil prices.
- Sensex: Down 0. 89 % to 76, 638 09
- Clever 50: Fell 0. 85 % to 23, 970 10
- Rupee: Damaged to 94 90 versus the U.S. buck.
- Oil Rates: Surged 4 33 % to $ 105 6 per barrel.
Prime Minister Modi’s contact us to minimize fuel usage and limit non-essential spending further impacted market view, specifically impacting jewellery and travel stocks.