Stock markets tumble in early trade as crude oil prices hit USD 100 per barrel mark
India, July 24 -- Market benchmark indices Sensex and Nifty tumbled in early trade on Friday as crude oil prices crossed USD 100 per barrel mark amid escalating geopolitical tensions in the West Asia.
The 30-share BSE Sensex tumbled 512.07 points to 75,869.38 during initial deals. The 50-share NSE Nifty declined 153 points to 23,713.60.
From the Sensex pack, InterGlobe Aviation, Eternal, Bharti Airtel, Infosys, Bajaj Finance and Trent were among the major laggards.
InterGlobe Aviation slipped over 2 per cent after IndiGo reported a Rs 238 crore net loss for the three months ended June as higher fuel prices and the West Asia conflict resulted in turbulence for the country's largest airline. InterGlobe Aviation is the parent of IndiGo.
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