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Sensex dips 600pts intraday, Nifty at 24,207 on West Asia crisis, oil surge
Among the sectoral indices, the Nifty Auto, Nifty FMCG, Nifty Oil & Gas, and Nifty PSU were the top losers -- down more than 1 per cent each.
BPCL, HPCL, IOCL slip up to 4%; ONGC gains 2% as crude oil prices rise
Thus far in the calendar year 2026, the stock price of HPCL, BPCL and IOC plunged between 17 per cent and 22 per cent, as against a 8.9 per cent decline in BSE Sensex.
Millions of barrels of Iranian oil left in limbo after US revokes 60-day waiver
Around 63 million barrels of Iranian crude are stranded on tankers after the US revoked a sanctions waiver that had temporarily allowed Iran to sell oil without facing American penalties. The waiver, introduced as part of an interim US-Iran peace deal, was withdrawn following Iranian attacks on tankers in the Strait of Hormuz, leaving much of the oil without confirmed buyers.
Hindustan Petroleum Corporation Ltd Slides 3.78%, BSE Oil & Gas index Drops 1.39%
Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX
Airtel to Trent: 44 stocks likely to report double-digit profit slump in Q1. Are your stocks on the list?
Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.
IOC, BPCL, HPCL Shares Drop 4% As Crude Oil Price Climbs 3% To $76 Per Barrel As US Strikes Iran
OMC stocks traded lower on Wednesday amid a spike in global crude oil prices.
India looks attractive again as AI trade cools; oil likely to stay at $80–100: Arvind Sanger
Arvind Sanger, Managing Partner at Geosphere Capital Management discusses the next phase of the AI investment cycle, India's growing appeal as valuations improve, challenges facing IT services and GCCs, and why foreign investors are beginning to look at Indian equities again.
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.
Indian Stocks Open Lower as Higher Oil Prices Weigh on Market Sentiment - Investing.com India
Indian Stocks Open Lower as Higher Oil Prices Weigh on Market SentimentInvesting.com India
Sensex tumbles over 550 points, Nifty falls below 24,250 as Iran-US conflict escalates
Indian stock markets experienced a decline on Wednesday as oil prices surged. Benchmark indices Sensex and Nifty fell significantly due to renewed Iran-US conflict escalations. Broader market indices also slipped into the red, reflecting widespread bearish sentiment. Foreign investors, however, continued their buying trend for a fifth consecutive session. The Indian rupee opened lower against the US dollar amid these developments.
Rupee falls to 95.17 against dollar: Here's what is driving the currency lower
Indian rupee weakens to 95.17 per US dollar amid rising crude oil prices, higher US Treasury yields, and West Asia tensions.