Stock Market Today Live Updates: BSE Sensex tanks 700 points; Nifty50 slips below 23,700 as Brent tops $100

Stock Market Today Live Updates: Asian markets fell sharply on Friday as soaring crude oil prices rattled investors and reignited fears of a fresh inflation shock. Brent crude traded around $100.85 a barrel after surging 7% overnight to a two-month high, driven by supply concerns following attacks on Saudi tankers in the Red Sea and disruptions around the Strait of Hormuz.

Indian equities are expected to extend losses, with GIFT Nifty at 23,710 indicating a weak opening for the Nifty 50, below Thursday’s close of 23,869.60. The rupee is also under pressure, with traders expecting it to open in the 96.85-96.90 range against the US dollar, bringing its record low of 96.96, hit in May, back into focus.

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