Commodities
Sensex Sinks Amid Rising Oil Prices and US Rate Hike Fears
The Indian stock market declined on Monday due to concerns over rising crude oil prices and potential US interest rate hikes. The benchmark Sensex index dropped by 382 points, or 0.50%, to settle at 76,132.81.
Among the 30 Sensex constituents, Infosys fell the most by 3.81%, followed by Tech Mahindra, Tata Steel, Bajaj Finserv, UltraTech Cement, and Tata Consultancy Services.
Larsen & Toubro, Bharti Airtel, Maruti, and Power Grid were among the winners in a mixed day for markets. Crude oil prices breached $97 per barrel due to fresh US-Iran attacks in the Strait of Hormuz.