Stock markets tank 2 per cent as elevated oil prices, US-Iran tensions weigh on sentiment
India, May 13 -- Equity benchmark indices ended lower for the fourth consecutive session on Tuesday, with the Sensex and Nifty tumbling nearly 2 per cent, as elevated crude oil prices and uncertainty surrounding the West Asia conflict clouded markets' confidence.
Unabated foreign fund outflows and the rupee depreciating to a lifetime low also hit investor sentiment.
Amid a widespread sell-off, the 30-share BSE Sensex tanked 1,456.04 points, or 1.92 per cent, to settle at 74,559.24. During the day, it dived 1,565.78 points, or 2 per cent, to 74,449.50.
The 50-share NSE Nifty dropped 436.30 points, or 1.83 per cent, to end at 23,379.55. From the Sensex pack, Tech Mahindra, Adani Ports, HCL Tech, Tata Consultancy Services, Titan and Bhara...
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