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Sensex, Nifty Tank 1% as Oil Prices Soar, Bank Stocks Sell Off
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Indian benchmark indices Sensex and Nifty fell nearly 1% for the third straight day as soaring crude oil prices and bank stock sell-offs weighed on sentiment, amid concerns over economic impact.
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Sensex, Nifty Tank 1% as Oil Prices Soar, Bank Stocks Sell Off
The Indian benchmark indices Sensex and Nifty have tanked nearly 1% for the third consecutive day due to higher crude oil prices and selling in bank stocks. The decline has been fueled by concerns over the impact of rising oil prices on the economy. The government has been working to mitigate the effects of the price hike, but the market remains volatile.
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