BusinessPhoto: News18 BusinessSensex and Nifty Fall on October 23 Due to Oil Price Surge and Geopolitical...
On October 23, Indian equity markets faced heavy selling pressure as crude oil prices surged and geopolitical tensions in West Asia escalated. The BSE Sensex dropped over 1,200 points from its high, and the NSE Nifty fell about 1% to near 22,450. Rising oil prices raised concerns about inflation and corporate profits, while midcap and smallcap stocks saw sharp sell-offs amid broader investor risk aversion. Brent crude hit a five-month high of $113.17 per barrel due to fears of supply disruptions after Houthi attacks on Saudi Arabia.
News18 Business·



