Followers

Wednesday, October 18, 2023

Sensex drops 551 points to 65,877

The sensex fell by 551 points due to spiking crude oil prices and geopolitical tensions in West Asia. Banking & financial stocks, as well as Reliance Industries, were major contributors to the slide. Investors are concerned about surging crude oil prices impacting inflation and interest rates. Foreign funds selling Indian stocks also weighed on sentiment, with net outflows for the second consecutive month.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FdRNXHA

No comments:

Post a Comment

Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...