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Indian benchmark indices posted their worst session in over three months after Donald Trump declared the Iran ceasefire over, sending crude oil prices sharply higher and the rupee lower. The selloff hit all sectors as India VIX surged, reflecting India's heavy dependence on Gulf oil imports.
Sensex fell roughly 100 points and Nifty slipped below 24,100 on Tuesday as fading peace hopes around the Iran-US conflict and rising oil prices dented sentiment. Higher crude directly pressures India through import costs and inflation. Smallcap and midcap indices bucked the trend and posted gains.
Tag
Indian benchmark indices posted their worst session in over three months after Donald Trump declared the Iran ceasefire over, sending crude oil prices sharply higher and the rupee lower. The selloff hit all sectors as India VIX surged, reflecting India's heavy dependence on Gulf oil imports.
1mo ago · 3 min · Markets
Sensex fell roughly 100 points and Nifty slipped below 24,100 on Tuesday as fading peace hopes around the Iran-US conflict and rising oil prices dented sentiment. Higher crude directly pressures India through import costs and inflation. Smallcap and midcap indices bucked the trend and posted gains.
4mo ago · 1 min · Markets
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