Bears attack financial markets following a multi-year surge in black gold. Here is the market update for you:
- Nifty saw a 100-point recovery from the day's low, currently trading near 15,850
- Sensex also recovered 300 points, though benchmarks still remain 2.5% down
- Rupee was 76.94 per U.S. Dollar, a record low level
- After surging to the highest level of $140/bbl, Brent crude prices calmed a bit to $130/bbl
- Gold surged to the highest level since August 2020
- Banks and autos were the biggest losers, whereas metal stocks surged
- Axis Bank, Indusind Bank, Maruti, Mahindra and ICICI Bank were the top five market losers