Stock Markets Drop in Early Trade on Escalating Us-Iran Tensions, Rising Oil Prices

Stock market benchmark indices Sensex and Nifty declined in early deals on Thursday, tracking weak trends in global equities and rising crude oil prices amid escalating tensions between the US and Iran. Unabated foreign fund outflows and a spike in US inflation also dented market sentiment, according to market analysts. The 30-share BSE Sensex declined 358.54 points to 73,624.64 in early trade. The 50-share NSE Nifty dropped 117 points to 23,098.30. From the 30-Sensex firms,...