Stocks fall as conflict escalates
Mint Mumbai|October 19, 2023
Indian shares fell on Wednesday, tracking a downturn in global equities as investors grappled with the possibility of the Israel-Hamas war escalating into a wider conflict in West Asia after a blast at a Gaza hospital killed hundreds.

Brent crude prices rose. Gold prices were up, too, owing to safe-haven demand.

The Sensex fell 551 points, or 0.8%, to 65,877.02. The Nifty closed with a loss of 140 points, or 0.71%, at 19,671.10. Most of the big markets across Asia and Europe, too, closed in the red.

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