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Market tumbles for third day; Sensex sinks 1,470 pts, Nifty cracks below 23,200
The key equity benchmarks ended with steep losses on Friday, extending their sharp slide for the third consecutive session. Market sentiment remained deeply fragile amid relentless selling by foreign institutional investors (FIIs), a surge in crude oil prices, and intensifying geopolitical tensions as the Middle East conflict entered its 14th day. Brent crude hovered around the psychologically critical $100-per-barrel mark, amplifying investor anxiety and further eroding market confidence. The Nifty closed below the 23,200 level, dragged down by heavy selling in metal, PSU banking, and auto stocks.
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Fear levels of March 2020? Iran war gives Nifty its worst month since the dreaded Covid crash
Indian equities are suffering their worst month since the Covid crash as the Iran war, $100 crude and heavy FII selling hammer sentiment. Despite the slide, fund houses like Bajaj Finserv AMC and Axis Mutual Fund say strong earnings and resilient fundamentals in India may steady markets once geopolitics stabilise.
$100 crude gives Rs 20 lakh crore shock to Nifty bulls this week. Best time to buy the fear?
Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth, hammering markets in India as the Iran conflict escalates. The rupee hit a record low, and FIIs continue to sell, yet experts and Axis Mutual Fund argue the panic may be creating a rare long-term buying window.
Rs 10 lakh crore wiped off! Sensex crashes 1,500 pts; Nifty near 23,150. 6 key factors behind today's D-St bloodbath
Indian stock markets experienced a sharp decline on Friday, with the Sensex and Nifty falling significantly, marking their biggest weekly drop in over a year. The ongoing Iran-Israel conflict and surging crude oil prices above $100 per barrel are major contributing factors. Global markets also mirrored this downturn, trading broadly in the red.
How will markets open today? GIFT Nifty in red, and Nikkei down 2% as Crude surges past $100 - The Financial Express
How will markets open today? GIFT Nifty in red, and Nikkei down 2% as Crude surges past $100The Financial Express
Sensex Today | Stock Market LIVE updates: GIFT Nifty down 150 points, Max Financial Services in focus
Stock Market LIVE Updates: Every upmove on the Nifty is getting sold into. That has been the texture of this market for most parts of the last two weeks. Thursday was no different. Adding to that is the return of oil at $100 a barrel, despite the US allowing temporary purchase of Russian oil already at sea. Reversing the sell-on-rallies template will be the first priority for the Nifty bulls. For the Nifty, which has already entered a "technical correction," Thursday's panic low of 23,556 becomes the first important level to watch on the downside, Watch this space for all the LIVE Updates.
Iran strikes keep markets on tenterhooks as West Asia conflict escalates
Sensex and Nifty fall for a second straight session as escalating Iran-linked attacks push crude prices near $100 a barrel and raise fears of prolonged disruption in oil supplies
Stock Market Cras͏h: Sensex Fa͏lls 8͏29 Points, Nifty Sl͏ips 0.͏95%͏ A͏s Crude Oil Surges Above $100 - HDFC Sky
Stock Market Cras͏h: Sensex Fa͏lls 8͏29 Points, Nifty Sl͏ips 0.͏95%͏ A͏s Crude Oil Surges Above $100HDFC Sky
Nifty 50 can slip below 22,700 if crude oil prices hold above $100 amid US-Iran war, warns ICICI Securities
Nifty 50 has fallen over 4% in one week, and is down by 8% in one month. According to Vinod Karki, Nifty 50 could correct up to 10% from its pre-conflict level if crude oil prices remain above $100 per barrel for an extended period.
3 reasons why markets are falling today: Sensex nosedives 1,100 points, Nifty plunges to 23,900 - The Financial Express
3 reasons why markets are falling today: Sensex nosedives 1,100 points, Nifty plunges to 23,900The Financial Express
Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,100 mark as markey extends losses - CNBC TV18
Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,100 mark as markey extends lossesCNBC TV18