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INR continues to stay pressured near record lows
The Indian rupee continues to stay pressured near record low levels in opening trades on Thursday, as strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiments. Meanwhile, the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations, further weighing on the counter. INR opened at Rs 95.70 per dollar and hit a low of 95.75 so far during the day, yesterday, the pair settled lower at 95.72. Muted local equities also failed to support the local unit. The BSE Sensex is trading at 74,191.65 (down 0.21%) and the NSE Nifty 50 stands at 23,322.60 (down 0.35%), extending losses due to escalating conflicts in West Asia, surging Brent crude oil prices and sustained foreign portfolio investor (FPI) selling.
Nifty Sees Rare Volatility Signal: Will Wild Swings Continue?
The Nifty's daily trading range stood at 308 points, its narrowest in four sessions. Even so, the range remained above the 10-day average for a fourth straight day, indicating that market swings remain higher than usual.
Muted opening likely as GIFT Nifty indicates a negative start for D-St
Nifty resumed its downward trend, falling on Wednesday due to geopolitical tensions in West Asia and elevated crude oil prices. Persistent FII outflows and a depreciating rupee further pressured the market. Analysts anticipate continued volatility as tensions escalate.
Growing geo-political tensions dampen rupee sentiments; US proposes fresh tariff on India
The Indian rupee depreciated 35 paise to close at 95.72 (provisional) against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations. Besides, a strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched an intraday low of 95.80 and finally ended the session at 95.72 (provisional), down 35 paise from its previous close. The Indian equity benchmarks closed lower after a volatile session, with the BSE Sensex falling 303.67 points (0.41%) to settle at 74,346.17 and the NSE Nifty 50 dropping 77.95 points (0.33%) to end at 23,405.60.
Benchmarks pare steep losses; Sensex slides 304 points, Nifty ends below 23,450
The domestic equity benchmarks staged a sharp recovery from intraday lows on Wednesday as bargain hunting emerged after the morning selloff. The Nifty, which slipped to an intraday low of 23,151.50, rebounded nearly 250 points and climbed back above the 23,400 mark in late trade. Sentiment improved as investors accumulated beaten-down stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated. Despite the recovery, the index settled below the 23,450 level, weighed down by weakness in IT and FMCG stocks. Analysts said the Nifty remains technically weak, with immediate support seen at 23,300 and resistance at 23,600.
Stock Market Highlights Today: BSE Sensex closes over 300 points down, Nifty50 above 23,400 on mixed global cues - The Times of India
Stock Market Highlights Today: BSE Sensex closes over 300 points down, Nifty50 above 23,400 on mixed global cuesThe Times of IndiaSensex tumbles over 1,100 points, Nifty below 23,200. 6 key factors behind today's D-Street routThe Economic TimesSensex settles 850 pts higher from day's low, Nifty reclaims 23,400: Three key reasons behind sharp market...Moneycontrol.com
Sensex settles 850 pts higher from day's low, Nifty reclaims 23,400: Three key reasons behind sharp market... - Moneycontrol.com
Sensex settles 850 pts higher from day's low, Nifty reclaims 23,400: Three key reasons behind sharp market...Moneycontrol.com
Sensex recovers 850 points from day’s low, Nifty closes above 23,400. One big reason behind sharp market rebound!
Indian stock markets staged a strong comeback on Wednesday afternoon. This recovery followed earlier sharp declines. Media reports indicated the government plans to cut taxes and remove ownership caps on certain bonds. This news significantly boosted investor confidence. The Sensex and Nifty recovered most of their morning losses. Foreign investors remained net sellers of Indian equities.
Sensex recovers 1,000 points from day’s low, Nifty above 23,450. One big reason behind sharp market rebound! - The Economic Times
Sensex recovers 1,000 points from day’s low, Nifty above 23,450. One big reason behind sharp market rebound!The Economic Times
Market Updates: Sensex Recovers 470 Points From Day's Low, Nifty At Near 23,350 - News18
Market Updates: Sensex Recovers 470 Points From Day's Low, Nifty At Near 23,350News18
Nifty Bank tumbles 600 points; IndusInd Bank, Yes Bank, SBI and other stocks fall up to 3%. What lies ahead?
The Nifty Bank index plunged over 1% on Wednesday, tracking the broader market selloff, with the gauge falling 626 points to 53,089. AU Small Finance Bank and IndusInd Bank led losses, while most PSU and private lenders traded lower. Weak sentiment extended across markets as the Sensex dropped over 1,100 points, the Nifty slipped below 23,300, and IT stocks fell by up to 7%.
Tier-2, 3 cities to deepen retail investing ecosystem: Angel One Group CEO
Angel One Group CEO Ambarish Kenghe discusses market volatility, India's long-term growth story, AI-led investing, retail participation, and tapping tier-2/3 cities for the next 100 mn investors