Indian Stock Markets Tumble as Iran, US Militaries Clash Again, Raising Oil Fears
Foreign investors sold Rs 7,985.88 crore as Brent crude climbed and overseas markets weakened, while India’s GDP grew 7.8% in the June quarter.
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10 Articles
Indian stock markets tumble as Iran, US militaries clash again, raising oil fears
Indian stock markets came under pressure on Wednesday as fresh US strikes on Iran intensified the Middle East conflict and sent crude oil prices higher. The Nifty 50 fell 0.82% to 23,858, while the Sensex declined 0.61% to 76,471.32 in early trade. With Brent crude nearing $96.50 a barrel, investors are watching the risk of further disruption around the Strait of Hormuz. For India, higher oil prices could increase the import bill and put pressur…
Indian Markets Tumble Nearly 1 Pc as West Asia Tensions, Crude Oil Surge Overshadow Strong GDP Growth
Get latest articles and stories on Business at LatestLY. Indian markets crashed on Wednesday amid escalating geopolitical tensions in West Asia and rising global crude oil prices, which overshadowed the strong macro and GDP growth. Business News | Indian Markets Tumble Nearly 1 Pc as West Asia Tensions, Crude Oil Surge Overshadow Strong GDP Growth.
Indian shares edge lower on higher crude prices, bond yields; banks, autos lead losses
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