Sensex Drops Over 700 Points Amid Global Uncertainty

New Delhi, Apr 13 (BNP): Indian equity markets ended lower on Monday, with benchmark indices slipping nearly 1% amid rising global tensions and concerns over crude oil prices.

The decline came after reports of stalled US-Iran negotiations, which heightened fears of a prolonged geopolitical conflict and its potential impact on global energy markets.

The BSE Sensex dropped 702.68 points, or 0.91%, to close at 76,847.57. During intraday trade, it fell as much as 1,681.93 points, or 2.16%, to touch 75,868.32.

Similarly, the NSE Nifty declined 207.95 points, or 0.86%, to settle at 23,842.65.

Market analysts said rising uncertainty in global crude oil prices added pressure on investor sentiment, leading to broad-based selling across sectors.