Sensex, Nifty Sink as Global Oil Crisis Intensifies

Market sentiment soured dramatically following reports of fresh missile exchanges between Iran and Israel, disrupting international hopes of a structured regional ceasefire. The geopolitical fallout caused global Brent crude oil prices to surge, compounding standard domestic inflationary worries for India. Adding to local anxieties, the Reserve Bank of India recently revised its real GDP growth forecast down for the upcoming fiscal cycle to 6.6%, prompting heavy institutional offloading.

Tech giants bore the brunt of the correction, with Tata Consultancy Services (TCS) shares skidding 1.5% to ₹2,166 despite securing a multi-million euro European transformation deal. Bucking the broader bearish trend, Adani Energy Solutions emerged as an outperformer, rallying sharply to hit a fresh 52-week high. Foreign Portfolio Investors (FPIs) prolonged their aggressive selling streak, pulling net assets worth ₹8,776 crore out of the cash segment in the last trading session alone.