Mumbai:- The direct impact of the increased tension between Iran and the US forces in West Asia, especially in the Strait of Hormuz, was seen on the Indian stock market and the Indian currency 'rupee' today. Sensex and Nifty recorded a huge decline in early trade on Tuesday. Along with this, the rupee fell by 20 paise against the US dollar to a historic low of 95.43.
The 30-share BSE Sensex fell by 361.62 points to 76,907.78. The NSE Nifty was seen trading at 23,980.60, down 134.90 points. Larsen & Toubro, Bajaj Finance, ICICI Bank and Maruti were the top losers. Shares of Reliance, Titan and Bharti Airtel witnessed a slight rise. According to experts, the prices of crude oil (Brent Crude) have reached around $ 113 per barrel due to the renewed war-like situation in the Hormuz region. India is dependent on imports for its oil needs, so rising oil prices are becoming a major challenge for the Indian economy.