War in West Asia rattles Indian financial markets
Business
Tensions in West Asia are making waves in India's financial markets.
Since the US-Israel war against Iran started last Friday, the rupee dropped sharply—down 68 paise to close at 92.15 against the US dollar—while both Sensex and Nifty fell nearly 4%.
Investor nerves are high as supply chains get disrupted and uncertainty grows.
Foreign investors withdraw $2.12 billion from Indian stocks
Foreign investors have pulled $2.12 billion (about ₹19,500 crore) from Indian stocks in just three days, and market volatility spiked by over 23%. Big names like L&T and Tata Steel took a hit.
With crude oil prices jumping over 10% and energy routes disrupted, analysts say it's smart to think long-term and not panic during this rough patch.