Markets tumble as Middle East tensions weigh on sentiment; Nifty closes 240 pts down
Mumbai, June 8 -- Indian equity markets ended sharply lower on Monday as fresh tensions in the Middle East dampened investor sentiment and triggered broad-based selling across sectors. Weak global cues and a sell-off in technology stocks further added to market pressure.
The NSE Nifty 50 index closed at 23,123, down 243.70 points or 1.04 per cent, while the BSE Sensex settled at 73,524.26, losing 719.08 points or 0.97 per cent.
Market experts said rising geopolitical tensions in the Middle East and concerns over the sustainability of the global artificial intelligence-led rally weighed on investor confidence.
Vinod Nair, Head of Research at Geojit Investments Limited, said global sentiment has weakened amid the flare-up of tensions in ...
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