Sensex and Nifty drop over 1% as rising oil prices and geopolitical tensions impact Indian markets.

IT stocks drive Nifty gains amid cautious markets, while metals and defense sectors face declines following rising inflation concerns.

On Friday, Indian equity markets opened down amid a national fuel price hike. The BSE Sensex fell 64.22 points, while Nifty IT gained. | Business News

Sensex and Nifty ended lower as the rupee hit a record low and crude oil prices surged, raising inflation and market concerns.

Nifty broke below its 23,800–24,500 consolidation range, signalling near-term weakness, with resistance now seen at 23,800–24,000 and key support at 23,150, according to analysts.…