MUMBAI, OCT 8 – Indian equity benchmarks fell sharply on Thursday as a steep rise in global crude oil prices, concerns over prolonged tight monetary conditions, and continued foreign fund outflows rattled investor sentiment.
Brent crude surged 4% and crossed the $104‑per‑barrel threshold, stoking fears of persistent inflationary pressures and raising doubts about the trajectory of interest rates.
The benchmark Sensex slumped 1,045.46 points, or 1.44%, to close at 71,593.24, extending losses for a second consecutive session. During the day the index fell to an intra‑day low of 71,327.75.
The Nifty also ended sharply lower, dropping 371.25 points, or 1.64%, to settle at 22,231.80.
