Brent Clears $108 and ₹17 Lakh Crore Exits Indian Stocks — PSU Banks Took the Worst Hit
Indian equities shed ₹17 lakh crore in value on Monday, with the Nifty closing 1.56% lower and the Sensex falling 1,124 points to a six-month low, as Brent crude traded above $107 and PSU bank shares led the decline.
The fall was not concentrated in one corner of the market. A widely circulated post on X put PSU banks down 3.24%, realty 2.12%, energy 2.00%, metals 1.78% and autos 1.64% — a sweep across the sectors most sensitive to fuel costs, borrowing costs and government spending.
That post also put the rupee at ₹95.98 to the dollar. None of the news reports reviewed for this article confirmed that currency level, so treat the number as a single-source claim until the RBI reference rate for the session is checked.
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