Sensex Falls 931 Points, Nifty Slides as Oil Prices Jump and Iran-U.S. Ceasefire Doubts Hit Indian Stocks
Indian stocks stumbled Thursday, erasing some of the gains from the previous day’s rally. Oil prices bounced back and uncertainty over the fragile Iran-U.S. ceasefire had investors shifting toward defensive plays. The Sensex dropped 931.25 points, or 1.20%, finishing at 76,631.65. The Nifty 50 slipped 222.25 points, or 0.93%, ending at 23,775.10.