Indian Supplies Dive as Iran-US Talks Collapse
New Delhi– Indian benchmark stock indices plunged almost 2 % in very early trading Monday complying with the failure of peace negotiation in between Iran and the United States in Islamabad. The renewed tensions in West Asia have rattled investor self-confidence.
- Great 50: Down 1 8 % to 23, 625 95 points.
- Sensex: Down 1 8 % to 76, 171 40 points.
- Petroleum: Surged 7 % to $ 102 a barrel.
- US Blockade: President Trump introduced a blockade of the Strait of Hormuz.
Geojit Financial Solutions noted foreign investors remain cautious, pointing out the energy dilemma and rupee depreciation. All sectoral indices remain in the red, with the India VIX volatility index jumping 14 %.