Markets slip 2% as oil bounces back to $111/bbl

Benchmark indices declined more than 2% after crude oil bounced back to $111 a barrel after hopes of de-escalation between the U.S. and Iran faded on Friday (March 27, 2026).

Nifty 50 and Sensex shed 2.09% and 2.25% to 22,819.60 and 73,583.22 points respectively, paring small gains that were made in the past two sessions.