Sensex dives 1,045 pts, Nifty tanks to 21-month low amid sharp spike in oil prices; fears of further monetary tightening
The Sensex fell by 1,045 points, while the Nifty dropped to a 21-month low due to a sharp rise in oil prices. Analysts noted that this decline raises concerns about potential further monetary tightening by the Reserve Bank of India. Investors are now closely monitoring upcoming economic indicators and central bank decisions.