Indian Shares Extend Slump As Oil Breaks $100 Per Barrel
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Indian shares fell sharply as oil prices surpassed $100 per barrel amid ongoing conflicts in West Asia. The BSE Sensex dropped 1,470.50 points (1.93%) to 74,563.92, while the NSE Nifty fell 488.05 points (2.06%) to 23,151.10. Concerns over inflation, a weakening rupee, and foreign fund outflows contributed to the decline. Metal stocks were particularly affected, with Tata Steel down 5.2% and Larsen & Toubro down 7.5%. Overall, 3,337 shares fell on the BSE, reflecting a weak market sentiment.
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