India’s Sensex falls 0.6% as oil prices and Middle East tensions weigh

  • BSE Sensex fell about 0.6% to 75,125 on Wednesday.
  • Brent crude climbed toward $100 while the rupee stayed near 95 per dollar.
  • Coforge Chairman Om Prakash Bhatt resigned after internal-audit concerns over board evaluation.

India’s BSE Sensex fell about 0.6%, or 460 points, to 75,125 on Wednesday, while the Nifty 50 also declined as rising crude prices and escalating Middle East tensions increased investor concerns. Brent crude moved toward $100 a barrel and the rupee remained near 95 per dollar, raising fears that higher energy costs could fuel inflation, widen India’s trade deficit and weaken economic growth. Foreign investors continued selling Indian equities, with information technology shares leading losses. Coforge dropped more than 5% after Chairman Om Prakash Bhatt resigned following concerns from an internal audit about the company’s board evaluation process.

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India’s Sensex falls 0.6% as oil prices and Middle East tensions weigh - CoinPost Terminal