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Sensex plunges 1,124 points, Nifty below 22,800; PSU bank, realty stocks among top losers
Broad-based selling hit financials and PSU banks as Brent crude jumped above $106 a barrel, analysts said.
- On Monday, BSE Sensex and Nifty50 tanked in morning trade as Indian equity benchmarks closed sharply lower amid mounting investor concerns.
- Persistently high crude oil prices and a spike in US bond yields weighed on sentiment, while both indices crashed over 1% amid the intensifying Iran-US conflict.
- The 30-share BSE Sensex plunged 1124.02 points or 1.52 per cent to settle at 72,771.72, while NSE Nifty fell 360.25 points or 1.56 per cent to 22,780.25.
- Broader markets also weakened; the BSE MidCap Select Index shed 1.39 per cent and the BSE SmallCap Select Index fell 1.90 per cent, while the Indian Rupee fell 0.19 per cent to 96.00.
- During the day, the Benchmark hit a high of 73,740.85 and a low of 72,716.23, gyrating 1,024.62 points and underscoring persistent volatility.
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Stock markets tumble in early trade dragged by elevated crude oil prices, foreign fund outflows - The Tribune
Equity benchmark indices Sensex and Nifty tumbled in early trade on Tuesday as elevated crude oil prices due to uncertainty over the West Asia situation and foreign fund outflows weighed on investors’ sentiment.
·Chandigarh, India
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Top 2 stocks to buy or sell tomorrow: Laurus Labs, Indus Towers by Chandan Taparia - Check stop-loss, targets
ndian stock markets fell sharply on Monday, with the BSE Sensex down 1,124.02 points (1.52%) and the NSE Nifty down 360.25 points (1.56%). Rising crude oil prices and geopolitical uncertainty weighed on investor sentiment, affecting most sectors negatively.
·New Delhi, India
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Coverage Details
Total News Sources66
Leaning Left2Leaning Right11Center4Last UpdatedBias Distribution65% Right
Bias Distribution
- 65% of the sources lean Right
65% Right
12%
C 23%
R 65%
Factuality
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