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Commodities

Sensex Tanks 730 Points Amid Surging Crude Oil Prices

Guavy AI Editorial Team
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Oil
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The Indian equity markets took a hit on Monday, with the Sensex plummeting 730 points to 73,170.12 in early trade.

This decline was largely due to surging crude oil prices and geopolitical uncertainties, which weighed heavily on investor sentiment.

Brent crude, the global oil benchmark, traded 2.27% higher at $106.7 per barrel.

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

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