Indian Markets Plunge Amidst International Economic Fears
Mumbai– Indian securities market experienced a sharp downturn in very early trading Monday, mirroring anxieties in international markets.
- The BSE Sensex plunged 2, 345 89 points to 76, 573 01
- The NSE Nifty 50 decreased 708 75 points to 23, 741 70
- Petroleum prices rose, with Brent Crude jumping 23 63 % to $ 114 59 per barrel.
InterGlobe Aeronautics shares led the decline, falling virtually 8 %. Other major companies like Tata Steel, Maruti Suzuki and SBI additionally published substantial losses. Oriental markets were broadly influenced, with South Korea’s KOSPI and Japan’s Nikkei 225 experiencing considerable drops. The decline is credited to rising oil rates and weak global economic signals.
