Stock Market today: Sensex, Nifty drop as crude prices surge

Indian Stock Market Opens Lower; Sensex Falls 326 Points, Nifty Slips Below 24,000

Mumbai: The Indian stock market opened in the red on the second trading day of the week, with investors adopting a cautious approach following Prime Minister Narendra Modi’s appeal regarding fuel conservation. On Tuesday, the BSE Sensex, comprising 30 stocks, dropped 326 points to open at 75,688. Meanwhile, the NSE Nifty also declined by 93 points to trade at 23,723, slipping below the crucial 24,000 mark once again. Despite the weak opening in …

Stock Market today: Sensex, Nifty drop as crude prices surge

Mumbai: The BSE Sensex jumped 404.09 points to 75,611.19 in early trade on Tuesday. The NSE Nifty declined 101.25 points to 23,714.60. WTI crude futures climbed above $99 per barrel on Tuesday, extending previous session gains as escalating tensions between the US and Iran raised concerns over prolonged disruption in the Strait of Hormuz. The dollar index moved back above 98 on Tuesday as geopolitical tensions increased after President Donald Tr…