Indian shares head for worst month since March 2020, financials lead losses - Reuters
Indian shares head for worst month since March 2020, financials lead losses Reuters
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxPaTRrT1I0S05JZUJnNUFtRHNpVF9QbEE3alR6VDFPUVB5U1hDR0h5SDh6aHlDZ295RTJrM21fSVVldWJSYzF2bk5mY3lFUVpMWnJHU1Q3cE04QURtTjg3TmgyRzBHVVNUMG9IMFZHS3ZCX2prWkZvMTFPT0pEVEo0NWI0VmpPclBFbHU2c01aQXNidzVrMVhybGNMSUdGZ3ktb0R5UURWZ1lwZmRkUEx1M1Jn?oc=5" target="_blank">Indian shares head for worst month since March 2020, financials lead losses</a> <font color="#6f6f6f">Reuters</font>
Indian shares are poised to open lower, heading for their worst monthly performance in six years, as the Iran conflict escalates, causing oil prices to surge above $115 per barrel and dampening risk appetite.
Investors lost approximately ₹9 lakh crore as the Sensex plunged over 1,635 points, closing at 71,947.55, and the Nifty fell below 22,400, driven by declines in banking, finance, auto, and metal stocks amid rising oil prices and Middle East tensions.
In a significant market downturn, approximately ₹7 lakh crore was wiped off the total value of companies listed on the Bombay Stock Exchange, with the Sensex falling over 1,000 points and the Nifty crashing nearly 290 points, influenced by escalating Middle East tensions and rising oil prices.
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