Indian Share Markets Fall One Percent on Middle East Fear

Market Drop

The Indian stock market fell by about one percent on Tuesday, September 15, as heavy selling hit the benchmark indices. The Nifty 50 closed at 23,172 while the broader market also saw heavy losses with no room for a recovery.

Global Causes

The fall came as rising tensions inদ্বিতীয় Middle East kept crude oil prices high, which pushed up fears of inflation and led to expectations of central bank rate hikes. Markets opened weak by following losses on Wall Street, and the selling continued all day. At the same time, a sell-off in US Treasuries made people think the US Federal Reserve might hike interest rates.