Bharat Express DD Free Dish

WTI crude

Global oil prices surged over 8% as supply concerns linked to Middle East tensions pushed Brent crude close to $100 despite an IEA emergency oil release.

The Indian rupee slipped to a record low beyond 92 per US dollar as rising oil prices and global tensions increased pressure on the currency.

Indian equity markets plunged as Sensex dropped over 1,700 points and Nifty fell more than 2% as Middle East tensions, rising oil prices and FII short positions weighed on markets.