Indian Markets Tumble Amid Oil Price Surge and US-Iran Tensions
The Indian stock market saw a decline on Tuesday due to rising crude oil prices and fresh tensions between the US and Iran.
The benchmark indices Sensex and Nifty ended marginally lower, with Sensex dropping 12.99 points or 0.02% to settle at 76,944.28, while Nifty slipped 24.60 points or 0.10% to end at 24,055.80.
The decline was also attributed to concerns over the US Federal Reserve's tighter monetary policy, which has been impacting investor sentiment across emerging markets.
Foreign Institutional Investors (FIIs) offloaded significant equities worth Rs 7,985.88 crore on Monday, according to exchange data.