Mumbai: The BSE Sensex plummeted 1774.40 points to 77,174.30 in early trade on Monday. The NSE Nifty plunged 530.25 points to 23,920.20.
Japan’s Nikkei 225 stock index dropped more than 7% and other Asian markets also tumble as oil surges to $114 a barrel.
Oil prices eclipsed $114 per barrel for the first time since 2022 on Monday as the Iran war intensified, threatening production and shipping in the Middle East.