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Indian Markets Plunge Amid Rising Global Economic Concerns

Guavy AI Editorial Team
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Benchmark indices plummeted in early trade on Friday due to escalating Middle East tensions and rising global economic concerns.

The BSE Sensex fell 622.18 points, or 0.83%, to 74,280.41 at 9:38 am, while the Nifty 50 declined 217.60 points, or 0.93%, to 23,260.20.

Brent crude surged above $108 a barrel, up 0.92%, and WTI crude rose 0.83% to $103.33 due to fears of shipping disruptions in the Middle East.

Dr V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, stated that 'headwinds for the market are getting stronger with the escalation in the Middle East conflict.'

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