Economy
Indian Stock Markets Fall Sharply as Brent Crude Hits $108 Amid West Asia Tensions
Hindustan Times2h
THE BRIEF
1
Indian stock market indices Sensex and Nifty opened sharply lower on Friday as Brent crude surged to $108 a barrel, driven by widening Middle East conflict and rising US bond yields.
2
In early trade, the Sensex plunged over 700 points to hover around 74,199, while the Nifty fell 222.55 points, or 0.95 per cent, to 23,255.75.
3
The ongoing declines set the stage for the Nifty and Sensex to record their fifth consecutive weekly drop, with losses of 1.8 per cent and 2.1 per cent respectively over the week.