- Title: Indian shares fall, rupee at record low as Middle East tensions grip markets
- Date: 23rd March 2026
- Summary: MUMBAI, MAHARASHTRA, INDIA (MARCH 23, 2026) (ANI- No use India) VARIOUS OF EXTERIOR OF BOMBAY STOCK EXCHANGE (BSE) BUILDING TICKER SHOWING LIVE PRICES OF STOCKS PEOPLE WALKING OUTSIDE BSE BUILDING EXTERIOR OF BSE BUILDING (SOUNDBITE) (English) DIRECTOR OF INDIAN FINANCIAL SERVICES PROVIDER, KHAMBATTA SECURITIES LIMITED, AND STOCK MARKET EXPERT, SUNIL SHAH, SAYING: "Current
- Embargoed:
- Keywords: BSE Brent crude India Iran conflict LNG Nifty 50 Qatar Sensex Strait of Hormuz Sunil Shah bonds crude prices decline markets oil imports rupee shares stocks
- Location: MUMBAI, MAHARASHTRA, INDIA
- City: MUMBAI, MAHARASHTRA, INDIA
- Country: India
- Topics: Asia / Pacific,Economic Events,Equities Markets
- Reuters ID: LVA001O0GITZJ
- Aspect Ratio: 16:9
- Story Text: Indian equities dropped and the rupee slid to a record low on Monday (March 23), mirroring a broad risk-off move across Asia as an escalating Middle East conflict kept oil prices elevated and deepened concerns over growth and earnings outlook.
The Nifty 50 was down 2.2 percent at 22,605.50, while the BSE Sensex lost 2.13 percent to 72,942.20, as of 10:00 a.m. IST.
All 16 major sectors declined. The broader small-cap and mid-cap indexes dropped 3 percent each.
Brent crude hovering near $113 a barrel poses a particular challenge for India, one of the world's largest oil importers.
Elevated crude oil prices and relentless foreign outflows from domestic markets put the rupee under pressure, which weakened to a record low on Monday, eclipsing its previous low hit on Friday. - Copyright Holder: ANI (India)
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