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INR seen under pressure but holds under 92 per dollar mark
The Indian rupee came under pressure in opening trades on Wednesday as sentiments stay bleak amid ongoing conflicts in Middle East. INR opened at Rs 91.92 per dollar and hit a low of 91.97 so far during the day. Rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85, aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia. Sharp gains in the domestic equity markets, along with a weaker greenback, provided further support to the domestic unit. Indian shares rebounded from recent string of losses on Tuesday amid hopes of an easing of tensions in the U.S.-Iran conflict. The Sensex jumped 639.82 points or 0.82 percent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 percent to 78,526.25. The Nifty climbed 233.55 points or 0.97 percent to end at 24,261.60. Indian shares opened on a flat note Wednesday as investors clung to hopes for a ...
Sensex falls over 500 pts, Nifty below 24,150 amid mixed global cues
Indian stock markets began Wednesday with minimal movement. The Sensex saw a slight increase, while the Nifty opened lower. Investors are closely watching the ongoing conflict between Iran and Israel-US. This cautious trading follows a sharp rebound in the previous session. Key sectors like Metal and Pharma showed gains, while Auto and FMCG faced declines.
Trade Setup for March 11: Nifty finds a hurdle at 24,300 even as oil remains the joker in the pack
Building on Monday’s sharp intraday recovery, the Nifty extended its pullback amid strong global cues, reclaiming over 500 points from Monday’s low of 23,697.
Surging hedging costs show rising angst for India’s stock market
Hedging costs in India have surged to their highest levels since 2024, with the India VIX jumping far above realised volatility as traders brace for further turmoil. The Nifty 50 has mirrored global weakness sparked by the Iran war, signalling rising anxiety across India’s $4.8-trillion equity market.
India VIX eases 15% after doubling in one month. Can Trump’s Iran war remarks trigger a Nifty bounce back?
The India VIX eased on Tuesday after having doubled over the past month. US President Donald Trump’s remarks hinting at a possible end to the Iran conflict helped ease concerns around global oil supplies and possible inflation. The decline in volatility, along with a sharp drop in crude prices, lifted sentiment and raised hopes of a short-term Nifty 50 recovery.
DSP Mutual Fund flags global shifts, expensive midcaps, IT lag: How investors may position portfolios
DSP Mutual Fund advises caution and diversification amid market risks like rising oil prices and high US equity valuations. AI spending by tech giants drives global markets.
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
Sebi chief urges investors to stay calm amid global jitters
Sebi Chairman Tuhin Kanta Pandey advised investors to stay calm amid global market volatility, emphasizing India's strong domestic fundamentals. He highlighted the increasing participation of domestic investors, including individuals and mutual funds, in equities, now holding 36% of Nifty 50 free-float market capitalization. Meanwhile, NSE plans to appoint investment bankers for its IPO this month.
Market Trading Guide: Apollo Pipes among 3 stock recommendations for Tuesday
Sensex and Nifty plunged nearly 2% as rising crude oil prices, weak global cues and escalating West Asia tensions triggered heavy selling. Foreign fund outflows and a weaker rupee added pressure. Analysts recommend Apollo Pipes, Aurobindo Pharma and Tata Steel for potential short-term gains.
US stocks slump, GIFT Nifty down nearly 100 points. How will stock market react on Tuesday?
Indian markets are set to open lower as weak global cues, falling US stocks and rising crude prices trigger risk aversion. Escalating Middle East tensions and supply concerns push oil higher, increasing inflation fears. Analysts expect volatility with Nifty likely trading within a cautious range.
Don't panic: SEBI chief to investors amid global volatility
SEBI Chairman Tuhin Kanta Pandey urged investors to remain calm amid global market volatility driven by geopolitical tensions unleashed by the Israel-US-Iran war. The Sensex fell 1,353 points to close at 77,566, while the Nifty declined 422 points to end at 24,028 on Monday, March 9.
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...