Sensex, Nifty Slide Over 1% Amid Oil Price Surge and Middle East Tensions

Indian markets opened sharply lower on Monday, with the Sensex falling over 600 points and the Nifty slipping below 23,180 (at the time of posting this post). The selloff was triggered by a spike in crude oil prices after escalating Iran-Israel tensions, weakness across Asian markets, and concerns that strong U.S. economic data could lead to further Federal Reserve rate hikes, dampening investor sentiment. Major Losser:- $WIPRO