Benchmark Indices End Two-Week Winning Streak as Crude Oil Prices Rise
Benchmark domestic indices ended their two-week winning streak, falling due to rising crude oil prices linked to the escalating conflict in West Asia. The Sensex at the Bombay Stock Exchange dropped 1,605 points, or 2.14 percent, closing at 73,124, while the Nifty 50 at the National Stock Exchange fell 546 points, or 2.35 percent, to finish at 22,600. Mid-cap and small-cap indices experienced even sharper declines, with the Midcap 100 index down 5.6 percent and the Nifty Smallcap 100 index plummeting over 7 percent. Despite the overall downturn, the IT sector showed resilience, remaining largely unchanged due to improved earnings visibility and renewed investor interest.
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