3 sources • 4 verified points
Indian Stocks Fall as Oil Jumps and Middle East Tensions Escalate
Indian stocks fell sharply on Thursday, with the Sensex losing more than 600 points and the Nifty 50 dropping below 22,600 amid expiry-day volatility. The decline coincided with rising tensions in the Middle East, which pushed oil prices above $110 a barrel and raised fears of higher inflation.
AI-written summary of 3 sources; every verified point is backed by a verbatim quote. How Iyan works
- The sell-off wiped out about 5 trillion rupees in market value.
«The selloff wiped out nearly Rs 5 lakh crore in»
The Economic Times on MSN - Indian stocks opened lower on Thursday, extending a recent sell-off, after the escalation pushed crude prices above $110 a barrel.
«extending the recent sell-off as intensifying Middle East hostilities push crude prices above $110 a barrel»
The Economic Times - Chemical and consumer goods sector shares declined, and the Nifty fell below 22,700 at the open.
«Sensex slides over 300 pts, Nifty below 22,700; chemicals, FMCG stocks decline»
The Economic Times - Reuters reported that oil jumped $2 amid rising tensions in the Middle East.
«Oil jumps $2 on escalating Middle East tension»
Reuters
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