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Indian benchmark indices witnessed aggressive selling as the BSE Sensex plunged over 600 points, dragged down by sustained foreign capital outflows and weak global cues.
Indian benchmark indices closed on a muted note after a volatile session, with the Sensex slipping 125 points while the Nifty 50 managed to sustain above the 22,600 threshold.
A commercial tanker laden with 40,000 tonnes of Russian diesel is en route to the US, signaling a dramatic shift in transatlantic energy policy following Trump-Putin discussions.
Indian benchmark indices opened higher boosted by strong buying in IT counters, though surging crude oil prices above $113 per barrel kept broader gains in check.
Indian benchmark indices fell for the third consecutive session as Brent crude breached $111 per barrel, escalating domestic inflation concerns.
India's ongoing diversification of crude oil supplies reflects sovereign market strategy rather than capitulation to Washington's pressure, senior US officials clarify.