๐ Sensex, Nifty Dip Amid Oil Price Jumps
Stock benchmarks Sensex and Nifty closed lower on Wednesday, August 19, due to rising crude oil prices. This downturn occurred after the US-Iran ceasefire ended without a diplomatic resolution. Specifically, Sensex lost 325.78 points to hit 76,909.68, while Nifty dropped 76.60 points to close at 24,078.30. IT stocks saw gains, snapping a three-day losing streak, while metal, banks, and FMCG sectors declined. Investors are now watching for further developments regarding energy supply disruptions. ๐