Sensex Falls 931 Points, Nifty Slides as Oil Prices Jump and Iran-U.S. Ceasefire Doubts Hit Indian Stocks
The Sensex dropped 931.25 points, or 1.20%, to 76,631.65 on Thursday as oil prices rebounded and doubts over an Iran-U.S. ceasefire rattled investors. Banks led the decline, while mid-caps, small-caps, and metals outperformed. Foreign investors extended their selling streak, and the rupee slipped to 92.6575 per dollar. Strait of Hormuz traffic remained near a standstill.