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Why is market falling today? Sensex slumps 1,200 pts, Nifty below 23,850; 7 key triggers behind bloodbath
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty dropping over 1% each. Soaring oil prices to historic levels, a plunging rupee to an all-time low, and sustained foreign investor selling contributed to the broad-based selloff, erasing nearly Rs 9 lakh crore from market capitalization.
INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Oil prices steady as focus remains on outlook for Iran peace talks
Brent crude was trading near $111 a barrel after increasing 2.8% on Tuesday, while West Texas Intermediate was above $99.
US stocks pause record rally as oil climbs on Iran tensions, focus shifts to Big Tech earnings
Iran’s Foreign Minister Abbas Araghchi told President Vladimir Putin he’s committed to strengthening the country’s partnership with Russia, as talks with the US on ending an eight-week war remain at an impasse.
Nasdaq 100 Breakout Holds—but Rising Oil Keeps Bulls on Guard - Investing.com India
Nasdaq 100 Breakout Holds—but Rising Oil Keeps Bulls on GuardInvesting.com India
Top Gainers & Losers on April 23: Union Bank, Trent, Havells, Ashok Leyland, OLA, Canara Bank among top losers
The Indian stock market faced significant declines on April 23 due to rising geopolitical tensions and high crude oil prices. The Nifty 50 fell 0.86%, while the S&P BSE Sensex dropped 1.12%. Sectoral losses were led by Nifty Auto, which fell 2.28%.
Bulls hold ground: Dow futures jump over 250 pts as oil cools, US Iran talks in focus
US stock futures rise as oil eases, Nasdaq streak ends, UnitedHealth jumps on strong earnings, Apple slips on CEO change, Fed leadership and Iran ceasefire talks add uncertainty
Manishi Raychaudhuri bets on private banks, metals, consumption plays
Manishi Raychaudhuri, Chief Executive Officer, Emmer Capital Partners, said global focus is shifting to energy security and alternative energy due to supply risks. He noted markets may be underestimating uncertainty, particularly around crude oil. For India, elevated oil prices could affect inflation and policy choices.
Asian Paints shares gain after second round of price hikes, despite crude rebound
Raw materials linked to crude account for nearly 35-40% of total costs for paint makers, making the sector highly sensitive to oil price movements.
21-hour US-Iran talks fail: What it means for oil prices, global markets, rupee
Failure of 21-hour US-Iran talks has raised expectations of higher oil prices and volatile global markets as trading resumes, with Hormuz risks back in focus.
Stock market: US-Iran talks, Q4 earnings and oil prices in focus for next week - Telangana Today
Stock market: US-Iran talks, Q4 earnings and oil prices in focus for next weekTelangana Today
Wall Street opens higher as inflation meets estimates; weekend Iran talks in focus
US stocks rise as March inflation meets forecasts despite energy surge, Iran ceasefire talks eyed, oil stays below 100, Indian Sensex and Nifty jump nearly 6 percent for week