Sensex, Nifty 50 Fall for 4th Consecutive Session Amid Oil Price Spike

Sensex, Nifty 50 Fall for 4th Consecutive Session Amid Oil Price Spike

The Sensex dropped 364 points, or 0.47%, to end at 76,391.39, while the Nifty 50 finished at 23,869.60, down 127 points, or 0.53%. The losses were largely due to the spike in crude oil prices, which hit $99 per barrel. The broader markets also underperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 1.5% and 2.1%, respectively. The losses come as investors remain cautious amid the ongoing Middle East conflict. The Indian rupee also weakened against the US dollar, trading at 82.5 per dollar. The market is expected to remain volatile in the coming days as investors continue to assess the impact of the conflict on the global economy.