NASDAQ:IBO 17 January 2026

March 19, 2026, 4:54 PM EDT. India's Sensex plunged over 2,490 points (3.26%), settling at 74,207 amid a surge in crude oil prices and escalating geopolitical tensions between the US, Israel, and Iran. The Nifty also slipped 775 points to 23,002. Rising crude prices-Brent crude rose 3.77% to $111.4 per barrel-fueled fears of inflation and supply disruptions, exacerbated by Iran's attacks on Gulf energy infrastructure. Major index losers included HDFC Bank and Shriram Finance, while Oil and Natural Gas Corporation (ONGC) and Reliance Industries gained. Foreign institutional investors continued selling pressure. Meanwhile, silver and gold prices tumbled sharply, with silver down 7% and gold by 4.37%, pressured by global selloffs. Market sentiment remains fragile amid heightened uncertainty and inflation fears impacting global and Indian financial markets.