Markets Slide as Geo‑Political Tensions Mount, Poised for Worst Monthly Drop in Six Years
As the turmoil continues in West Asia, Indian stock markets opened lower on Monday, heading towards their largest monthly loss in six years. This decline comes in the wake of oil prices surging above $114 per barrel, a situation that has shaken investor confidence.
In early trading, the BSE Sensex plunged by 1.38%, dropping to 72,565.22, while the NSE Nifty50 fell by nearly 1.18%, reaching 22,549.65. This drop is part of a broader market trend, which saw the domestic benchmark indices ending in the red on Friday, snapping a two-day upward trend. The ongoing conflict in the Middle East continues to weigh heavily on market sentiment, with no signs of easing in the near future.
Breaking News : चांदी की कीमत में ₹2.11 लाख की गिरावट, जानिए 20, 22, और 24 कैरेट सोने के ताज़ा रेट!
By 8:04 AM on Monday, GIFT Nifty futures were trading at 22,564.5, indicating that the Nifty 50 could open lower than its Friday close of 22,819.6 points.
Investors are bracing for further market volatility as the geopolitical tensions in the Middle East intensify. The surge in oil prices is expected to have a ripple effect, impacting global markets and adding pressure to domestic stocks.
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