Sensex slips about 1% to 3-month low on oil surge
India’s BSE Sensex fell about 1.0% (710 points) to 74,188, weighed down by surging crude, foreign fund outflows, and escalating Middle East tensions.
0%, or 710 points, to 74,188 on Friday, pressured by surging crude oil prices, foreign fund outflows and intensifying Middle East tensions. Brent crude rose toward $109 a barrel as disruptions around key shipping routes stoked worries about energy supplies, with the situation seen as a risk to India’s import bill and fuel inflation. 44 per dollar, while higher US Treasury yields added to the risk-off tone. Finance, producer manufacturing and non-energy mineral shares were the main drags.
5%), BSE Ltd. 6%) advanced.