Indian Markets Fall Over 1% Due to High Crude Prices and Foreign Capital Outflow

Photo: Amar Business

On Monday, Indian stock markets saw a decline with the Sensex dropping over 1,000 points (1.4%) to 73,709 and the Nifty 50 falling more than 300 points (1.3%) to 22,845. Experts cited three main reasons: rising crude oil prices near $108 per barrel, large-scale foreign capital withdrawal, and selling pressure in major private banks. High crude prices are increasing inflation, prompting global central banks to tighten monetary policy, raising concerns about economic growth and corporate profits.

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