Markets fall 1.6% as Trump rejects West Asia ceasefire proposal, crude soars
The Indian stock market fell 1.6% on Monday, reaching its lowest point in nearly six months, as crude prices surged past $108 per barrel following Donald Trump's rejection of a West Asia ceasefire proposal. This decline wiped out nearly ₹9 lakh crore in investor wealth, signaling growing caution among investors amid worsening global conditions. Analysts expect continued volatility in the market.