Markets slide as oil goes above USD 100 per barrel amid West Asia war escalation
Indian benchmark indices fell sharply as Brent crude oil prices surpassed $100 per barrel amid escalating tensions in West Asia. The Sensex dropped 512.07 points to 75,869.38, while the Nifty fell 153 points to 23,713.60, marking a fifth consecutive session of losses. Rising oil prices threaten to increase inflation and widen the trade gap for India, the world's third-largest crude importer.