Indian Markets Suffer Worst Day Amid Oil Surge

Hindustan Times - Business · business

Indian equity markets experienced a significant downturn on Thursday, with the Nifty 50 dropping 1.64 per cent to 23,063.10 and the Sensex falling over 1,200 points to 73,580.54. This marked the steepest single-session decline since July 8. The sell-off was primarily triggered by a surge in crude oil prices and escalating geopolitical tensions involving Saudi Arabia and Yemen's Houthis. Concerns over inflation and its impact on the Indian economy intensified, leading to.