Economy
Sensex Tumbles 548 Points Amid Oil Price Spike and FII Outflows
The Hindu2h
THE BRIEF
1
The 30-share BSE Sensex dropped 547.65 points to settle at 71,924.68 on Monday due to rate-hike concerns and foreign fund outflows.
2
The NSE Nifty declined 157.10 points to end the session at 22,363.35.
3
Brent crude prices jumped 1.14 percent to $105.8 per barrel while foreign investors offloaded equities worth ₹3,568.90 crore.