West Asia tensions give Dalal Street a headache
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India's key gauges, the Nifty and Sensex, slumped more than 1% each on Monday due to mounting concerns of an escalation in the West Asia conflict. The Nifty fell 246.9 points, or 1.1%, to 22,272.50, while the Sensex declined 845.12 points, or 1.14%, to 73,399.78. The rupee closed at 83.45 per US dollar, slightly weaker than 83.41/$1 on Friday. The banking and financial shares were among the biggest losers, with the Bank Nifty retreating 1.63%. Analysts do not expect a significant retreat for stocks just yet, as recent geopolitical issues involving Iran are unlikely to cause durable shortages in oil supplies. The yield on the 10-year benchmark bond closed flat at 7.18%. The Nifty's Volatility Index (VIX) jumped 8.1% to 12.47 during the day.

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https://m.economictimes.com/markets/stocks/news/west-asia-tensions-give-dalal-street-a-headache/articleshow/109328804.cms