Commodities
Indian Markets Slide as Crude Oil Jumps to $91.46 Per Barrel
Stock markets in India began trading lower on Tuesday due to rising crude oil prices and escalating tensions in West Asia. The Sensex, a benchmark index for Indian stocks, fell by 278.32 points to 77,450.64 in early trade.
The NSE Nifty also declined, down by 57.65 points to 24,230.45. Among the major laggards were Bharti Airtel, Asian Paints, InterGlobe Aviation, Infosys, HCL Tech, and Tech Mahindra.
On the other hand, Reliance Industries, Sun Pharma, Maruti, and Axis Bank showed gains in early trade.
The global oil benchmark, Brent crude, traded 0.63 per cent higher at USD 91.46 per barrel.