Sensex Falls 400 Points as Middle East Tensions Push Crude Oil Higher

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Indian equity markets opened sharply lower on Monday, with the Sensex declining around 400 points amid renewed conflict in the Middle East. The geopolitical tensions triggered a rise in global crude oil prices, with Brent crude climbing to $76.18 per barrel. US WTI crude also advanced, rising 2.87% to $72.46 per barrel. Higher oil prices tend to weigh on Indian markets, as India is a major crude importer and rising energy costs can fuel inflation and widen the trade deficit.

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