Stock Markets Decline 2 Pc In Early Trade Amid Rising Tensions In West Asia, Surge In Crude Oil Price

Equity benchmark indices Sensex and Nifty declined 2% in early trade on Thursday amid rising geopolitical tensions following US President Donald Trump’s warning of intensified military actions against Iran, driving crude oil prices higher. The 30-share BSE Sensex plummeted by 1,433.72 points, or 1.96%, to 71,700.60. The 50-share NSE Nifty dived 445.70 points, or 1.97%, to 22,233.70 in the morning trade. All the 30-Sensex firms were trading lower, with Sun Pharmaceuticals, IndiGo, Adani Ports, Eternal, Larsen & Toubro, Asian Paints, NTPC, State Bank of India, Trent, Kotak Mahindra Bank, Axis Bank, and PowerGrid emerging as the major laggards. “With President…