Markets Midday: India — Intraday Moves

Sensex tumbled 500 points at intraday low while Nifty slipped below the crucial 24,000 mark for the first time in weeks, triggered by a potent cocktail of rising crude oil prices, renewed US-Iran conflict, and heavy foreign fund selling.

The Number That Matters

Brent crude surging 2.33% to $90.19 a barrel is the single biggest drag on Dalal Street today. West Asia tensions pushed oil above the psychological $90 barrier, stoking inflation fears and reigniting the...