Markets Fall Amid Geopolitical Tensions and Weak Rupee

Benchmark indices Sensex and Nifty declined on Tuesday due to rising tensions in the Strait of Hormuz and a sharp rupee fall to a record low of 95.40/USD. The Sensex dropped 500 points, while Nifty slipped below 24,000 (at the time of posting this post), reflecting weak investor sentiment and pressure on domestic equities. Major losser:-