‘High crude prices spook foreign players’: Nifty, Sensex hit 3-month low
The Indian stock market hit a near three-month low on Tuesday, with the Nifty 50 closing at 23,635.10 and the Sensex at 75,577.58. Rising crude oil prices, nearing $100 per barrel, and a booming IPO market have diverted liquidity, causing concern among foreign investors. Analysts suggest this trend may continue as geopolitical tensions persist.