Brief by Shorts91 Newsdesk / 06:48am on 10 Mar 2026,Tuesday Business
Indian stock markets fell to their lowest levels in nearly a year on Monday as the Iran war pushed crude oil prices sharply higher. The 30-share Sensex dropped 1.71% to 77,566.16, an eleven-month low. The Nifty 50 fell 1.73% to 24,028.05, its lowest level in ten months. Oil prices have jumped nearly 30% to their highest since mid-2022. India imports about 85% of its energy needs, raising concerns over inflation and growth. “The sustained rise in crude prices is likely to complicate the RBI’s policy outlook by keeping inflation elevated,” said Vinod Nair of Geojit Investments. Foreign investors also sold ₹6,030 crore of Indian shares, adding pressure on markets. (PC: HT)
