Indian shares extend fall as widening Mideast conflict fuels oil surge - Reuters
Indian shares extend fall as widening Mideast conflict fuels oil surge Reuters
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"was carrying out his assigned duties and was present at his workplace (his office)"
— Ayatollah Ali Khamenei , Politician
"The uncertainty related to the war in West Asia will loom large over the market in the near-term. The major risk from the market perspective is the energy risk arising from the surge in crude."
— Dr VK Vijayakumar , Executive
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxNai1RN1U2X0FSTDRCMldUZXY3UUFjeXNVRkFmNnRrQjdWY1BrQkwzaGZmbldDUGpaZTNpeVRxT3RLdmltNmotS2IweTFxTlYwNWVIUFNpLWFTN0NMRWdLaklnbWY1d0RnNDVWbVpRVTBZcndrVTdneG82Wmp1Q2hzZ0VReVE1UTZhaWphRWFNNmZfX1Y1X3hUd3FtbHBFQ01hdGpJQnlMVldzYklieWdz?oc=5" target="_blank">Indian shares extend fall as widening Mideast conflict fuels oil surge</a> <font color="#6f6f6f">Reuters</font>
Indian stock markets plummeted over 2% amid escalating US-Israel-Iran tensions, with the Sensex and Nifty 50 indices falling sharply, the rupee hitting a record low, and oil prices surging.
Surging crude oil prices, amid Iran-Israel-US tensions, led to significant declines in airline and tyre stocks, with IndiGo and JK Tyres falling sharply.
Indian equity indices Sensex and Nifty 50 crashed over 2% as escalating West Asia tensions pushed crude oil prices to 19-month highs.
The Sensex crashed over 2,700 points as the Iran crisis roiled oil and aviation sectors, with crude oil prices spiking and airline stocks tumbling.
The S&P BSE Sensex fell sharply, and the NSE Nifty50 also slipped more than 2%, as investors reacted to the fast-changing situation between the US, Israel, and Iran.
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