Oil shock hits Dalal Street! Sensex sinks over 450 points as US-Iran tensions ignite market fears
Mumbai/IBNS, June 11 -- Indian benchmark indices opened sharply lower on Thursday as surging crude oil prices and renewed geopolitical tensions in the Middle East dampened investor sentiment.
Infosys and HDFC Bank emerged among the top laggards during the opening session.
Fresh US-Iran Escalation Fuels Oil Rally
Market sentiment turned cautious after the United States launched fresh strikes on Iranian targets for a second consecutive day, triggering fears of a wider conflict in the region.
In response, Iran announced the closure of the strategically crucial Strait of Hormuz, a key route for global oil shipments, raising concerns over potential supply disruptions.
Analysts warned that prolonged disruptions in the region could further ...
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