Live
- Football: Trio leave Spain squad, Barrios gets call-up for Nations League clash with Swiss
- Dragon boat races during water festival in Cambodia ends with award ceremony
- Manipur bodies recovery: Widespread mob violence reported, curfew imposed, mobile internet suspended
- WPGT 2024: Hitaashee doubles lead to six shots in 14th Leg; Nayanika Sanga, Vidhatri Urs in pursuit
- Despite ideological differences, Cong has highest respect for Balasaheb Thackeray: Priyanka Gandhi
- Waqf row: BJP to stage protests before DC offices across Karnataka
- Disinformation major challenge, says Pak army chief after drawing flak on social media
- Digital media platforms must curb fake news, safeguard democracy: Ashwini Vaishnaw
- BJP wants to form govt in Jharkhand to loot its natural resources: Kharge
- Germany's healthcare sector hit by skilled labour shortages
Sensex plunges 261 points, Nifty currently at 11,000; OMC performs worst
After touching a low of 37,174.97, the 30-share index ends 261.68 points, or 0.70 per cent, lower at 37,123.31.
Mumbai: Domestic equity benchmark BSE Sensex closed over 250 points lower on Monday, dragged by oil and gas stocks, stoked by a massive surge in global crude prices.
After touching a low of 37,174.97, the 30-share index ends 261.68 points, or 0.70 per cent, lower at 37,123.31, while the broader Nifty drops 79.80 points, or 0.65 per cent, to 11,003.50.
According to experts, domestic equities plunged after global oil benchmark Brent crude price skyrocketed as drones attacked two Saudi Arabian plants on Saturday.
The attack by Yemen's Houthi rebels reportedly shut down six per cent of the global oil supply.
After the drone attack on one of the world's biggest oil producers Saudi Aramco, global crude prices surge by almost 12 per cent which is the biggest surge since 1988, said Ashish Nanda EVP and Business Head - PCG, Commodities and Currency Business, Kotak Securities.
