Sensex Drops 450 Pts from High, Nifty Nears 24,200

Indian markets pare gains as the Sensex falls 450 points from its day's high, with the Nifty hovering near 24,200. Escalating tensions in West Asia drive up crude oil prices past $100 per barrel, fueling inflation fears and pressuring India's trade deficits. Foreign institutional investors continue heavy selling, offloading billions, while a weakening rupee adds to the gloom. Read more about this...