2 weeks ago

Sensex falls over 300 points as crude oil prices surge

Sensex falls over 300 points as crude oil prices surge
Sensex falls over 300 points · m.rediff.com

The stock market is like a big shop where people buy and sell pieces of companies.

On Tuesday, the Indian stock market went down.

The Sensex, which tracks many big companies, fell by more than 300 points.

The Nifty also went below the 24,300 level.

This happened because the price of oil went up a lot.

Oil is used to make fuel for cars and planes, so when it costs more, many things get more expensive.

There is also worry about fighting in the Middle East.

The American president said he would not continue a deal with Iran and warned about military action near Oman.

Ships are not using the Strait of Hormuz as much as before.

Because of all this, investors felt worried and sold their shares, making prices go down.

Key facts

Sensex open
77,418.97
Sensex previous close
77,728.16
Sensex change
-285.39 points (-0.37%)
Nifty open
24,223.85
Nifty previous close
24,287.65
Nifty change
-57.25 points (-0.24%)
Brent crude price
USD 91 per barrel
WTI price
USD 85 per barrel

Sources

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