Commodities
Indian Stock Markets Plunge Amid West Asia Conflict, Crude Oil Surge
Indian stock markets suffered significant losses on Wednesday due to escalating tensions in West Asia and rising crude oil prices.
The Sensex plummeted by 788.52 points, dropping to 76,155.76, while the Nifty fell by 269 points to 23,786.80.
The sharp decline was driven by concerns over potential disruptions to energy supplies due to the conflict in the Middle East.
Brent crude, the global oil benchmark, rose to $95.37 per barrel, with WTI crude surging over 8% in two sessions.
Analysts warn that rising crude oil prices and bond yields will continue to pressure Indian markets despite a resilient domestic growth outlook.