Stock Markets Continue To Decline On fears Of Increasing Hostilities In Middle East

Equity benchmark indices fell further in early trade on Tuesday, fueled by concerns over growing Middle East tensions and grim global trends.

Foreign fund outflows and an increase in Brent crude oil prices also dampened investors’ sentiment.

The 30-share BSE Sensex collapsed 585.63 points to 72,814.15, marking the third day in a row of decline. The NSE Nifty sank 168.65 points to 22,103.85.

LTIMindtree, IndusInd Bank, Bajaj Finance, DLF, Cholamandalam Invest, Apollo Hospitals, Infosys, PNB, and UltraTech Cement were the top laggards.

Among the gainers were ONGC, JIO Financial Serv., IOCL, ICICI Lombard, Eicher Motors, Samvardhana Motherson, and Vedanta.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all down.

US markets closed in negative territory on Monday.

Brent crude gained 0.58 percent to USD 90.62 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,268 crore on Monday.

On Monday, the Sensex slid 845.12 points or 1.14 percent to 73,399.78, while the NSE Nifty dipped 246.90 points or 1.10 percent to 22,272.50.

Also read: Israel Strikes Gaza While World Awaits Response To Iran’s Attack