Sensex crashes 400 points, Nifty below 24,500 as oil shock and Strait of Hormuz tensions rattle markets
Mumbai/IBNS, Aug. 11 -- Indian benchmark indices opened lower on Tuesday as rising crude oil prices and heightened geopolitical uncertainty weighed on investor sentiment.
Investors remained cautious amid concerns over developments in the Strait of Hormuz, a key global oil-shipping route.
Crude oil prices rose sharply in the previous session amid renewed geopolitical tensions, raising concerns over the impact of higher energy costs on inflation and corporate earnings in oil-importing economies such as India.
Brent crude was trading near $88 a barrel on Tuesday, keeping pressure on markets as investors assessed the potential disruption to oil supplies and shipping through the region.
The mixed regional cues, along with elevated crude pr...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.