US-Iran Conflict Shakes Markets, Sensex, Nifty fall as Brent Crude Tops $76
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
The renewed conflict between the United States and Iran has once again increased tensions, with both countries targeting each other. The latest attacks have raised concerns across the world and created uncertainty in global financial markets.
Sensex And Nifty
Indian stock markets witnessed a sharp fall during the trading session. The Sensex, which had closed at 78,180.72 in the previous session, opened at 77,816.45 and continued to decline, touching an intraday low of 77,555.52. Overall, the index fell by 625 points.
The Nifty also traded lower. After closing at 24,398.70, it opened at 24,259.55 and later slipped to 24,207.20, recording a fall of 191 points.
At 12.30 pm, the Sensex stood at 77,541.76 (-0.82%), 638.96 points down for the day, whereas Nifty was 193.65 points down at 24,205.05.
Gold and Silver
Gold and silver prices also fell in the futures market. Silver dropped from ₹2,30,827 to ₹2,28,925, registering a decline of ₹1,932.
Gold, which had closed at ₹1,45,932, fell to ₹1,44,750, down by ₹1,182.
Brent Crude Crosses $76
The fresh attacks between the US and Iran also affected the crude oil market. Brent crude prices climbed above $76.12 per barrel. Earlier, Brent crude had been trading in the $70-$72 range.
