Brief by Shorts91 Newsdesk / 06:24am on 23 Mar 2026,Monday India Global
“Uncertainty is huge,” said VK Vijayakumar as markets fell sharply on Monday. The Sensex dropped over 1,800 points, while the Nifty also declined. Rising tensions near the Strait of Hormuz pushed oil prices above $110 per barrel. This increased fears of higher costs for India. The rupee hit a record low against the US dollar, making imports more expensive. Metal stocks led the fall, along with banks and auto shares. Midcap and smallcap stocks also declined. Investors remained cautious as global tensions grew. Experts said markets may stay volatile until there is clarity on the conflict.
