Why Sensex Fell 516 Points Today: Oil Shock Pushes Nifty Below 24,200
Friday brought a second day of losses for Indian equities. The Sensex shed 516.33 points, while the Nifty 50 slipped under the 24,200 mark. Fresh U.S.-Iran clashes pushed crude prices higher, erasing much of the earlier relief rally this week. BSE Sensex slipped 0.66% to finish at 77,328.19. The NSE Nifty 50 ended the day off 150.50 points, or 0.62%, settling at 24,176.15. According to NSE data, Nifty was at that exact mark when the clock hit 15:30.