Stock Market Slumps: Sensex Falls 2,300 Points as Oil Price Surge Hits Investors

India’s stock market witnessed a sharp fall as trading began, reflecting the global impact of escalating geopolitical tensions. The BSE Sensex dropped by nearly 2,300 points, while the Nifty 50 declined by around 700 points, indicating heavy selling pressure across sectors. Market experts say the biggest reason behind the crash is the surge in global crude oil prices. Shares of oil companies, along with energy, chemical, steel, and infrastructure sectors, have recorded significant losses. Analysts had earlier expected a limited fall of around 600–700 points, but worsening conditions in the oil market triggered a much deeper decline. Reports indicate that heating oil prices have dropped nearly 22%, while gas-related shares have fallen about 14%, further impacting investor sentiment. The selling pressure has turned most stocks on the Bombay Stock Exchange red. The downturn is not limited to India. Markets across Asia are also under pressure. Japan’s Nikkei 225 has fallen about 7%, while South Korea’s KOSPI Index is down around 8%. Markets in Australia, Indonesia, and Singapore have also declined between 3% and 5%. Experts warn that unless crude oil prices stabilize, markets could remain volatile and further losses may occur in the coming sessions.

Go to Source