Indian Stocks Plunge as Iran-US Talks Collapse
New Delhi– Indian benchmark stock indices dropped almost 2 % in very early trading Monday complying with the failure of peace talks in between Iran and the United States in Islamabad. The renewed stress in West Asia have rattled investor self-confidence.
- Cool 50: Down 1 8 % to 23, 625 95 factors.
- Sensex: Down 1 8 % to 76, 171 40 points.
- Crude Oil: Risen 7 % to $ 102 a barrel.
- US Clog: Head of state Trump revealed a blockade of the Strait of Hormuz.
Geojit Financial Solutions kept in mind foreign financiers remain careful, citing the power situation and rupee devaluation. All sectoral indices are in the red, with the India VIX volatility index leaping 14 %.
