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Crude Above $107 Adds To Market Jitters, Sensex Plunges 1,124 Points As Nifty Drops 1.56% And PSU Banks Sink

Crude Above $107 Adds To Market Jitters, Sensex Plunges 1,124 Points As Nifty Drops 1.56% And PSU Banks Sink
Photo: Free Press Journal · view original

Mumbai: Indian stock markets closed sharply lower on Monday as surging crude oil prices, elevated US bond yields and a weaker rupee sparked broad selling across sectors. PSU banks led the decline, while only two Nifty 50 stocks finished higher. The Nifty 50 fell 360.25 points, or 1.56%, to 22,780...

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