Indian Shares Slump 3 Percent Amid Oil and HDFC Bank News
Indian equity benchmarks fell over 3% on Thursday as rising crude prices and the exit of HDFC Bank's chairman weighed on sentiment. All major sectors declined.
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Indian equity benchmarks experienced their most significant single-day decline in nearly two years on Thursday, as a combination of domestic corporate shifts and rising global energy prices spooked investors. The Nifty 50 index dropped 3.26% to close at 23,002.15, while the BSE Sensex saw a corresponding loss to settle at 74,207.24. This sharp downturn was primarily triggered by the abrupt leadership transition at a major private lender and a significant spike in global energy costs following geopolitical tensions in the Middle East.
