BusinessIndian Stock Market Falls 2% Amid Rising Oil Prices and RBI Rate Hike
The Indian stock market saw a sharp decline on Thursday, with the Sensex dropping 1,045.46 points (1.44%) to 71,593.24 and the Nifty 50 falling 371.25 points (1.64%) to 22,231.80. Investors were spooked by rising crude oil prices, RBI's repo rate hike, rising US Treasury yields, and escalating geopolitical tensions. TCS reported Q2 net profit of Rs 13,884 crore, up 4% QoQ, with revenue at Rs 73,188 crore and an interim dividend of Rs 12 per share.
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