Dalal Street slipped into sharp losses as geopolitical tensions escalated, pushing oil prices higher and triggering fears around inflation, currency pressure and India’s rising import burden.
The benchmark indices, however, recovered some losses with Sensex closing at 77,566, down 1352 points or 1.71 per cent and Nifty at 24,028, down 422 points or 1.73 per cent.
At the close, the Sensex was down 961.42 points, or 1.17%, at 81,287.19, while the Nifty was down 317.90 points, or 1.25%, at 25,178.65.
The carnage on the D-Street eroded investor wealth by Rs 11.42 lakh crore to Rs 126 lakh crore, exchange data showed.
