Sensex, Nifty drop nearly 1% as West Asia conflict, surging oil prices rattle stock markets
The Hindu
Sensex and Nifty decline nearly 1% amid West Asia conflict and rising oil prices, impacting investor sentiment and market stability.
Equity benchmark indices Sensex and Nifty extended their southward journey in early trade on Friday (March 13, 2026), tumbling nearly 1 per cent, as the ongoing conflict in West Asia and surging oil prices continue to spoil investors' sentiment.
Heavy selling in global markets, persistent foreign fund outflows and weakness in the rupee also added to the bearish trend.
The 30-share BSE Sensex tumbled 708.38 points or 0.93% to 75,326.04 in early trade. The 50-share NSE Nifty dropped 222.05 points or 0.93% to 23,417.10.
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Power Grid, Hindustan Unilever, ITC and Bajaj Finserv were among the gainers.
Brent crude, the global oil benchmark, traded 0.07% up at $100.5 per barrel.
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Sensex and Nifty fall nearly 2% as crude oil prices rise amid West Asia tensions and sustained foreign fund outflows.
Rupee falls 16 paise to 92.01 against the dollar amid FII outflows and weak domestic market sentiments.