CosmicTaco

Deepening Mideast Conflict Triggers Worst Indian Shares Session in 2 Months

CosmicTaco · 2024-10-04T07:57:27.524485+05:30

- Deepening Middle East conflict triggers worst session for Indian shares in two months. - Nifty 50 index and S&P BSE Sensex both drop over 2%, marking worst performance since early August. - Rising oil prices impact domestic paintmakers, tyre-makers, and oil refiners. - Potential foreign outflows from India to China add pressure on domestic equities. - Only two of the Nifty 50 constituents settle higher, with all 13 major sectoral indexes declining. Source: [Reuters](https://www.reuters.com/world/india/indian-shares-set-open-lower-tracking-asian-peers-2024-10-03/)

Deepening Middle East conflict triggers worst session for Indian shares in two months.
Nifty 50 index and S&P BSE Sensex both drop over 2%, marking worst performance since early August.
Rising oil prices impact domestic paintmakers, tyre-makers, and oil refiners.
Potential foreign outflows from India to China add pressure on domestic equities.
Only two of the Nifty 50 constituents settle higher, with all 13 major sectoral indexes declining.

Source: Reuters