Equities extend losses as West Asia tensions push crude higher
The Nifty 50 closed at 23,914.45, down 141.35 points or 0.59 per cent, while the Sensex fell 373.93 points or 0.49 per cent to 76,570.35
Equities continued to decline for the third consecutive day on Wednesday as geopolitical tensions in West Asia drove crude oil prices higher, causing a sell-off in global bonds and dampening investor sentiment. The Nifty slipped below the 24,000-mark, while the Sensex fell 0.49 per cent to close at 76,570.35. Despite the losses, both indices recovered from their intraday lows and closed near their day's highs, indicating elevated volatility during the session.
The Sensex recovered over 430 points from its lowest point of 76,135.72, while the Nifty rebounded from around 23,787 to end near its session high. Of the 50 Nifty constituents, 36 ended lower. India VIX rose nearly 5 per cent to 11.59, indicating heightened near-term volatility. Geopolitical concerns, rising crude oil prices, elevated global bond yields, and a strong dollar were collectively contributing to cautious investor sentiment.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
