Economy
Sensex Dives 1,045 Points Amid Rising Oil Prices and RBI Policy Reaction
The Hindu2h
THE BRIEF
1
The BSE Sensex dropped 1.4% to its lowest level since February 13, 2024, while the Nifty 50 closed at an 18-month low on Thursday.
2
The market downturn followed a sharp reaction to the Reserve Bank of India's decision to hike interest rates by 5 basis points and shift its stance to calibrated tightening.
3
Oil prices rose 4% on Thursday as Brent crude futures increased by $4.14 to $102.28 per barrel amid ongoing West Asia conflicts.