Markets extend losses for 2nd day on soaring crude prices, West Asia turmoil; Sensex tanks 800 points
The Hindu
Markets decline for the second consecutive day as crude prices soar and geopolitical tensions unsettle investor confidence.
Benchmark equity indices ended with deep cuts on Thursday (March 12, 2026), with the Sensex tumbling over 800 points amid a sharp rise in crude oil prices due to the heightening crisis in West Asia.
Besides, sluggish global market trends, weakness in the rupee and persistent foreign capital outflows also rattled investor sentiment, analysts said.
In a volatile session, the 30-share BSE Sensex tanked 829.29 points, or 1.08%, to settle at 76,034.42. During the day, it plunged 992.53 points or 1.29% to 75,871.18.
A total of 2,516 stocks declined, while 1,713 advanced and 175 remained unchanged on the BSE.
Similarly, the 50-share NSE Nifty fell 227.70 points, or 0.95%, to close at 23,639.15.
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