Stock markets slump in early trade on surging oil prices amid escalation in tensions in West Asia
Stock markets experienced a significant decline in early trading due to rising oil prices and escalating tensions in West Asia. The BSE Sensex fell by over 800 points, while the NSE Nifty also dropped substantially. Concerns over potential disruptions in global oil supply routes, particularly around the Strait of Hormuz, have heightened market volatility.
- ▪The BSE Sensex tumbled 833.20 points to 74,404.79 in early trade.
- ▪Brent crude oil prices surged to $111.2 per barrel amid geopolitical tensions.
- ▪U.S. President Donald Trump's warnings regarding Iran have increased uncertainty in global markets.
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Benchmark indices Sensex and Nifty tumbled in early trade on Monday (May 18, 2026) amid surging oil prices, weak global market trends after fresh escalation in tensions in West Asia.A drone attack targeted the Barakah nuclear facility in the United Arab Emirates (UAE) on Sunday (May 17, 2026), marking a dangerous escalation in the West Asia conflict.The 30-share BSE Sensex tanked 833.20 points to 74,404.79 in early trade. The 50-share NSE Nifty dropped 234 points to 23,401.70.From the 30-Sensex firms, Tata Steel, Power Grid, Maruti, Trent, Titan and HDFC Bank were the biggest laggards.Infosys, Tech Mahindra, Bharti Airtel and Tata Consultancy Services were the winners.Brent crude, the global oil benchmark, traded 1.79% higher at $111.2 per barrel."Brent crude has spiked to USD 111 on…
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