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Commodities

Indian Stock Market Crashes Amid Rising Oil Prices and Geopolitical Uncertainties

Guavy AI Editorial Team
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Oil
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The Indian stock market experienced a sharp decline on Monday, with the Sensex plummeting 1,124.02 points or 1.52 percent to settle at 72,771.72.

The Nifty also saw a significant drop, declining by 349.50 points or 1.5 percent to reach 22,791.

Several key factors contributed to the market crash, including a rise in crude oil prices and geopolitical uncertainties.

Brent crude, the global oil benchmark, surged 2.27 percent higher at USD 106.7 per barrel after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting.

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