BSE Sensex falls 700 points, Nifty below 24,000
BSE Sensex ended at 76,755.05, down 715 points (0.92%), and Nifty50 closed at 23,996.25, down 191 points (0.79%).
Pharmaceutical stocks were among the biggest drags after US President Donald Trump announced a phased tariff framework for imported generic medicines with a two-year transition period.
Oil prices surged to a two-month high, with Brent crude above $92 and WTI crude past $85 a barrel, amid escalating US-Iran conflict and Middle East tensions.
The broad-based selloff erased nearly Rs 4.25 lakh crore from the combined market capitalisation of BSE-listed companies.
Goldman Sachs cautioned Brent crude could rise to $120 a barrel if Strait of Hormuz disruptions continue, though its base case assumes easing tensions.
Story angle
Center-right
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family