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Sensex, Nifty crash as crude nears $120: Any sector to hide in as Middle East war intensifies?
The surge in crude oil prices triggered a sharp selloff in Indian equities on Monday. The benchmark BSE Sensex fell nearly 2,400 points shortly after opening, while the Nifty 50 dropped more than 700 points, before recovering some of the losses. All sectoral indices were trading in the red.
Sensex stocks: HDFC Bank, TCS, Asian Paints, IndiGo, Trent hit 52-week lows
Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war
INR plunges on boiling oil prices; DXY above 99.50
The Indian rupee plunged sharply in opening trades on Monday tracking a firm dollar overseas coupled with boiling international crude oil prices. WTI crude oil futures soared above $100 per barrel for the first time in three and half years amid escalating tensions in Middle East showing no signs of abating. Middle Eastern producers cut output as the Strait of Hormuz remains closed due to the Iran war. WTI price hit $115.49 per barrel, the highest since June 2022. INR opened at Rs 92.22 per dollar and hit a low of 92.34 so far during the day as compared to Fridays close at 91.82. Dollar is soaring at three month higher well above 99.50 mark. Negative cues from equities amid sharp sell off by foreign investors is also weighing on the local unit. Indian shares nosedived on Monday morning. The benchmark BSE Sensex was down 2,192 points, or 2.8 percent, at 76,726 in early trade while the broader NSE Nifty index slumped 665 points, or 2.7 percent, to 23,782.
Stocks to watch: PB Fintech, Kwality Walls, Tata Power among 10 shares in focus on Monday
Stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged
Vinay Rajani of HDFC Sec suggests HDFC Gold ETF, Oil India shares to buy in the near-term
The Indian stock market fell significantly on March 2, with the Sensex down 2,743 points and the Nifty 50 plummeting over 500 points due to geopolitical tensions and foreign capital withdrawals, resulting in a loss of ₹8 lakh crore in market capitalization.
Top Gainers & Losers on Feb 27: Vishal Mega Mart, Angel One, Reliance Power, BSE, Vedanta among top losers
Benchmark indices faced sharp losses in February's final trading session, with Nifty 50 down 1.3% and Sensex down 1.14%. Rising crude oil prices and US-Iran talks uncertainty weighed on sentiment, leading to a third consecutive month of losses.
INR tumbles near three-week low amid surging international oil prices, firm dollar overseas
The Indian rupee plunged 31 paise to settle at 90.99 (provisional) against the US dollar on Friday, tracking a strong American currency against major currencies and higher crude oil prices amid intensifying US-Iran tensions. Positive momentum in domestic equity markets failed to support the Indian unit. Indian shares bounced back on Friday after falling sharply in the previous session on rising geopolitical tensions and uncertainty over the Federal Reserve's rate path. The benchmark BSE Sensex jumped 316.57 points, or 0.38 percent, to 82,814.71. The broader NSE Nifty index surged 116.90 points, or 0.46 percent, to 25,571.25, with metal and banking stocks leading the surge.
Rajesh Palviya of Axis Sec suggests ONGC, RBL Bank, Sammaan Capital shares to buy today
Domestic benchmark indices showed little change after a prior decline, amid rising oil prices due to US-Iran tensions. Nifty 50 rose 0.03% to 25,465 while BSE Sensex fell 0.07% to 82,467.7. Analysts attribute weakness to global uncertainties and geopolitical risks.
Sensex, Nifty trade on lacklustre note as IT sell-off weighs on market
Indian benchmark indices, Nifty and BSE Sensex, opened lower on Friday, continuing the previous day's decline due to ongoing selling in IT stocks. While the Nifty traded flat, the Sensex slipped, with IT and pharma sectors experiencing pressure. ONGC, BEL, and L&T were among the top gainers.
Taking Stock: Markets rebound; Nifty reclaims 24,150, Sensex jumps 600 pts
Among the top gainers on the index were Maruti Suzuki India, Coal India, Tech Mahindra, ITC Limited, and Reliance Industries. On the downside, InterGlobe Aviation, Dr. Reddy's Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards.
Markets end higher in volatile week; rupee recovers from record low
The total market capitalisation of BSE-listed companies rose marginally by ₹1.79 lakh crore during the week. Among the gainers, Reliance Industries led the increase in market capitalisation, while ICICI Bank, State Bank of India, and Axis Bank witnessed a decline in their market capitalisation.
Taking Stock: Nifty above 24,050, Sensex rises 347 pts as rally enters fourth straight day
More than 120 stocks touched their 52-week high on the BSE, including Data Patterns, Yes Bank, KEI Industries, Kirloskar Oil, Nuvama Wealth, Polycab, CG Power, Aegis Logistics, Himadri Speciality, IFCI, Varun Beverages, JK Bank, Pidilite Industries, Federal Bank, Netweb, Bandhan Bank, among others.