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Market move▼ Bearish for Indian equities
Bears lay siege to D-Street; Nifty snaps below 23,000 on crude shock and Iran standoff
The brief
- Nifty fell 360 points, or 1.56%, to 22,780.25; Sensex shed 1,124 points, or 1.52%, to 72,771.72
- Higher crude and geopolitical risk pressure Indian equities, especially oil-importing sectors
- Nifty slips below 22,800 as rising oil prices, US yields trigger selling
- Sensex, Nifty end sharply lower; PSU Bank shares bear brunt
- Stock Market Today: Rejected Iran Truce Pushes Oil, Yields Higher
- European Gas Prices Rise on Prospects of Prolonged LNG Disruptions
- UK police 'investigate Iran link' to alleged bomb threat against base hosting U.S. Air Force