Sensex Plunges 730 Points Amid Rising Oil Prices and Geopolitical Uncertainties

The Indian stock market tumbled on Monday, with the Sensex plummeting 730 points to 73,170.12 in early trade.

This decline was driven by surging crude oil prices, geopolitical uncertainties, and a weak trend in Asian markets.

Brent crude, the global oil benchmark, traded 2.27% higher at USD 106.7 per barrel, weighing on investor sentiment.

Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, noted that Indian equity markets are likely to remain cautious due to renewed geopolitical uncertainty and a rebound in crude oil prices.