Why Sensex Fell 516 Points Today: Oil Shock Pushes Nifty Below 24,200
The Sensex fell 516.33 points to 77,328.19 and the Nifty 50 closed below 24,200 on Friday as renewed U.S.-Iran fighting sent Brent crude above $100 a barrel. State Bank of India shares dropped up to 7.43% after missing profit estimates. The rupee ended 23 paise lower at 94.48 per dollar. Foreign investors sold 340.89 crore rupees in equities on Thursday.