Indian Markets Dive In The Middle Of Global Financial Fears
Mumbai– Indian securities market experienced a sharp downturn in early trading Monday, matching stress and anxieties in worldwide markets.
- The BSE Sensex plummeted 2, 345 89 indicate 76, 573 01
- The NSE Nifty 50 declined 708 75 indicate 23, 741 70
- Petroleum rates surged, with Brent Crude jumping 23 63 % to $ 114 59 per barrel.
InterGlobe Aviation shares led the decline, falling virtually 8 %. Various other major companies like Tata Steel, Maruti Suzuki and SBI additionally published considerable losses. Oriental markets were extensively affected, with South Korea’s KOSPI and Japan’s Nikkei 225 experiencing significant declines. The decline is credited to rising oil prices and weak global financial signals.