Punjab Newsline | Mumbai
Indian equity markets witnessed a sharp sell-off in early trade on Monday, with benchmark indices Sensex and Nifty falling more than 1 percent amid rising crude oil prices, foreign capital outflows, and growing geopolitical uncertainties.
The 30-share BSE Sensex dropped 730 points in opening trade to 73,170.12, while the NSE Nifty fell 231.50 points to 22,908.95. Selling pressure intensified during the session, and by 10:45 a.m., the Sensex was trading at 72,885.28, down 1,010.46 points or 1.36 percent. The Nifty was at 22,830.85, lower by 309.66 points or 1.34 percent.
Market sentiment remained weak as investors reacted to a combination of global and domestic concerns. A sharp rise in crude oil prices emerged as one of the key triggers behind the decline. Higher energy costs are often viewed as a risk for inflation and corporate profitability, particularly for oil-importing economies such as India.
Geopolitical tensions also added to investor nervousness. Concerns intensified after reports that U.S. President Donald Trump rejected a conflict-resolution proposal involving Iran. The reported rejection of a proposal to reopen the Strait of Hormuz has raised fears of prolonged disruptions in global oil supplies, further pushing up crude prices.
Adding to the pressure, weak cues from Asian markets dampened investor confidence, while continued foreign fund outflows weighed on market sentiment. Analysts said investors are closely monitoring developments in global energy markets and geopolitical hotspots, which are expected to remain key drivers of market direction in the coming sessions.
The sharp decline reflects growing caution among investors as uncertainty surrounding oil supply, international tensions, and global economic conditions continues to influence market movements.
