Indian Market Tumbles for Fifth Day Amid Crude Oil Price Spike
The Indian stock market continued its losing streak for the fifth consecutive day on Monday, weighed down by rising crude oil prices and geopolitical tensions in West Asia.
The BSE Sensex declined 281.09 points to settle at 77,728.16, while the Nifty dropped 78.35 points to end at 24,287.65.
Tata Steel, Axis Bank, Reliance Industries, and Bharat Electronics were among the winners, whereas Infosys, HCL Tech, Sun Pharma, Tata Consultancy Services, Tech Mahindra, and ITC lagged behind.
Brent crude oil prices rose 1.11% to USD 89.50 per barrel, contributing to the market's decline.