Indian equity markets experienced a sharp decline on Monday, with the Sensex and Nifty falling nearly 2% each. This downturn was driven by escalating US-Iran tensions, a blockade threat in the Strait of Hormuz, and a subsequent surge in oil prices above $100 per barrel. Global markets also tumbled, signaling a bearish sentiment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets