Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points

Sensex falls over 300 points, Nifty below 24,550 as oil prices rise. What lies ahead?

Indian equities fell on surging oil prices—Sensex down 300, Nifty below 24,550—as Middle East tensions offset strong Q1 results and FII buying. FIIs rotating from Asia's chip markets into India are buying expensive tech/renewables over cheap banking, signaling conviction in sustained earnings growth through FY27.