Markets decline for 3rd day on higher oil prices, selling in bank stocks; Sensex, Nifty tank nearly 1%
Indian stock markets fell for the third consecutive day, with the Sensex and Nifty both dropping nearly 1% amid rising oil prices and increased selling in bank stocks. The decline reflects investor concerns over inflationary pressures linked to higher crude oil costs, which could impact economic growth. Analysts suggest that continued volatility in oil prices may further influence market sentiment in the coming days.