Sensex, Nifty End Lower Amid Geopolitical Tensions; Gold and Crude Oil Prices Surge
Domestic equity markets closed on a weak note today, dragged down by rising geopolitical tensions and a broad-based sell-off across sectors. Investors turned risk-averse amid escalating global concerns, leading to a sharp dip in both key indices.
Benchmark Indices Fall
The BSE Sensex fell by 573 points, or 0.7%, to close at 81,119, while the NSE Nifty-50 declined by 170 points, or 0.68%, ending the session at 24,719.
Crude Oil Prices Soar Amid West Asia Conflict
In the global oil markets, Brent Crude surged 8.7% to $75.44 per barrel, and WTI Crude climbed nearly 9% to $74.15 per barrel as tensions in West Asia flared following Israeli military action against Iran. Fears of supply disruption have spurred the sharp rise in prices.
Bullion Market Sees Strong Gains
Meanwhile, the Indian bullion market witnessed strong demand for safe-haven assets.
- 24-karat gold was trading up at ₹1,00,050 per 10 grams
- Silver (999 fine) was priced at ₹1,06,720 per kilogram
The rise in precious metal prices reflects a shift by investors toward safer assets amid global uncertainty.
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