2 weeks ago
Sensex falls over 300 points as crude oil prices surge
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.
Indian benchmark indices opened lower on Tuesday, with the Sensex sliding over 300 points.
The Nifty traded below the 24,300 level during the session.
Brent crude climbed to USD 91 per barrel while WTI topped USD 85.
President Trump said he would not extend the expiring US-Iran memorandum and threatened military action against Oman over alleged interference in the Strait of Hormuz.
Tanker traffic through the Strait of Hormuz has fallen to a fraction of pre-war levels.
- Who
- Indian stock market investors and US President Donald Trump
- What
- Indian benchmark indices fell, with the Sensex sliding over 300 points and Nifty trading below 24,300
- Where
- India's stock markets and the Strait of Hormuz region
- When
- Tuesday
- Why
- Elevated crude oil prices and renewed geopolitical concerns, including threats over the Strait of Hormuz
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









