Sensex Tanks 1,518 Pts; PSU Banks Crash 3% on Energy Crisis
Market Bloodbath Sensex crashes 1,518 points (2.04%) to 73,011. Nifty plunges 514 points (2.22%) to 22,596. VIX fear gauge surges 16.39% to 26.55
PSU Banks Lead Decline Nifty PSU Bank index crashes 2.95% to 8,331 after 2% rally previous session. UCO Bank down 4.7%, Punjab & Sind Bank 4.7%, BoM 4%
Energy Crisis Deepens Brent crude jumps to $114/barrel. Middle East tensions raise supply disruption fears. Rupee weakens to 93.93 vs 93.53 previous close
Broader Market Carnage Midcap index drops 3.35%, smallcap falls 3.66%. Only 585 stocks advanced vs 3,780 declined on BSE. Market breadth extremely weak
Bond Yields Spike 10-year G-Sec yield jumps to 6.848% from 6.737%. Gold futures tumble 7% to ₹134,339. Risk-off sentiment dominates as volatility, geopolitical uncertainty persist