Tag
The Nifty 50 dropped to 24,160 as HDFC Bank fell 2.14% to ₹779 and Coal India added to losses. Oil holding above $101 a barrel is compounding pressure on Indian markets by raising import costs and inflation concerns.
Sensex fell 583 points and Nifty dropped below 24,000 on Thursday, dragged down by surging oil prices and a record-low rupee. Rising oil costs and a weaker currency squeeze corporate margins and raise India's import bill. Foreign investors also face higher currency-related losses, adding to selling pressure.
Tag
The Nifty 50 dropped to 24,160 as HDFC Bank fell 2.14% to ₹779 and Coal India added to losses. Oil holding above $101 a barrel is compounding pressure on Indian markets by raising import costs and inflation concerns.
1mo ago · 2 min · Markets
Sensex fell 583 points and Nifty dropped below 24,000 on Thursday, dragged down by surging oil prices and a record-low rupee. Rising oil costs and a weaker currency squeeze corporate margins and raise India's import bill. Foreign investors also face higher currency-related losses, adding to selling pressure.
2mo ago · 1 min · Markets
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