Stock Market, Sensex Today: Sensex Drops 931 Points, Nifty Down 222 As Oil Prices Surge
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Indian equity benchmarks ended lower as oil prices rose on Thursday, with the BSE Sensex dropping 931 points and the NSE Nifty50 down 222 points. The rise in oil prices came after reports of ceasefire violations, causing concerns over supply disruptions and impacting the stock market.
The BSE Sensex started the day at 77,319.33, lower by 243.57 points, and the NSE Nifty50 opened with a loss of 88.30 points. Both indices extended losses as the day progressed, with the Sensex settling at 76,631.65 and the Nifty50 closing at 23,775.10. Oil prices surged amid uncertainty surrounding the US-Iran ceasefire, with Brent rising over 3% to $98. The stock market decline was led by losses in L&T and IndiGo, while Hindalco and NTPC showed gains. Market experts advise investors to understand the impact of oil price changes on different sectors to capture potential gains. The Indian stock market will likely remain volatile due to global geopolitical tensions and oil price fluctuations.
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