Midday Report- Sensex tanks over 700 pts, Nifty tests 23,950

The benchmark indices continued to trade lower on April 30, driven by intense selling pressure. The markets were under pressure led by escalating Middle East geopolitical tensions, rising Brent crude prices surpassing $120/barrel, sustained foreign institutional investor (FII) selling. The weak rupee also led the markets to trade lower. At 1.19 pm, Sensex slipped by 0.93% or 720 points to 76,776. The Nifty dipped 0.98% or 235 points to 23,943.

Global Update-

Asian shares fall as Brent hits 4-year high; bonds battered by central bank hawks.

European markets tumble as oil prices surge; ECB and BOE decisions ahead.