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Red Sea conflict escalation pulls down market
The Morning Standard
|January 03, 2024
DOMESTIC equity market witnessed its first decline of calendar year 2024 as tensions in the Red Sea escalated in recent days and prompted investors to press the sell button.
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Local benchmark indexes fell by a half percentage points on Tuesday with the BSE Sensex closing below the 72,000 mark.
At close, Sensex was down 379.46 points or 0.53% at 71,892.48, while the broader NSE Nifty50 was down 76.10 points or 0.35% at 21,665.80.
“The ongoing conflict in the Red Sea has been making investors jittery as any flare-up in violence could trigger upsurge in oil prices and weigh on the economy,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Diese Geschichte stammt aus der January 03, 2024-Ausgabe von The Morning Standard.
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