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Commodities

Indian Stock Markets Tumble Amid Crude Oil Price Surge

Guavy AI Editorial Team
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Oil
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Indian stock markets experienced a downturn on Friday, driven by a significant rise in crude oil prices and cautious global market sentiment.

The Sensex fell 235.36 points to 78,699.80 in early trade, while the Nifty dipped 24.30 points to 24,608.25.

Financial stocks like Bajaj Finance, ICICI Bank, and Bharti Airtel were among the major laggards, while Tata Consultancy Services, Tech Mahindra, HCL Tech, and Infosys were among the winners.

Experts point to renewed concerns over energy prices and geopolitical uncertainty as a key factor in the market downturn. The rise in crude oil prices has been attributed to growing doubts over diplomatic negotiations involving Iran and the Strait of Hormuz.

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