Indian Stocks and Rupee Drop Amid Middle East Tensions
Indian shares and the rupee fell as Middle East tensions pushed oil to $112 a barrel. The Nifty 50 dropped 1.26% while foreign outflows reached record levels.
India equities and the rupee fell during early trade on Monday as rising Middle East tensions drove oil prices higher. The UTI NIFTY 50 ETF dropped 1.26% to 23,347.2, while the UTI BSE SENSEX ETF lost 1.20% to 74,335.62. Investors are retreating from emerging markets as geopolitical risks threaten to widen trade deficits and accelerate foreign capital outflows.
### Geopolitical Friction Drives Energy Spike Oil prices surged after a drone attack on a nuclear power plant in the United Arab Emirates. Brent Crude Oil rose to $112 a barrel, marking a two-week high. This escalation follows warnings from United States President Donald Trump regarding Iran, signaling stalled efforts to resolve regional conflicts.
