Sensex Nifty 50 Live: GIFT Nifty down as oil hits $110
- Nifty/ Sensex slipped as West Asia tensions kept risk appetite subdued, hovering near the crucial 24,400 support (Market Live Updates, Economic Times).
- Oil prices surged past $110 per barrel—a 25% jump driven by Iran war fears—triggering sell‑offs across global markets (Financial Times, BBC Business, Axios, Economic Times).
- Low‑beta stocks rose in prominence, with over half of the 135 BSE 500 gainers posting beta ≤0.9, reflecting a shift to defensive, less‑volatile plays (Market Live Updates).
- Trump (ZeroHedge) warned oil will tumble once the Iran nuclear threat eases, adding a political twist to price expectations.
Geopolitical flare‑up in West Asia pushed oil above $110 a barrel, dragging Indian indices lower and driving investors toward low‑beta defensive stocks. The Nifty hovers near the 24,400 support level while global markets tumble amid a 25% oil surge fueled by supply‑fear speculation.
