India stock market today: Nifty sinks below 24,500 as oil spike hits Sensex; rupee tumbles to record
Indian shares fell sharply Wednesday, with the Nifty 50 down 1.55% and Sensex losing 1.40%, as surging Brent crude prices and Middle East tensions rattled markets. The rupee weakened past 92 per dollar for the first time, and 10-year bond yields rose to 6.717%. Airline stocks dropped after reports of flight cancellations. Domestic services PMI showed slowing growth and rising input costs.