Indian Stock Market Tumbles Again on Oil Price Hike, West Asia Tensions
The Indian stock market continued its losing streak for the third consecutive day, mirroring global trends. The Sensex and Nifty indices fell due to rising crude oil prices and escalating tensions in West Asia.
Brent crude reached $95.13 per barrel, while key stocks like Asian Paints, HDFC Bank, and HCL Tech declined. In contrast, Adani Ports and Bajaj Finserv saw gains.
Global markets across Asia, Europe, and the US were also in negative territory, contributing to a broad risk-off sentiment among investors.