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Benchmarks slide as crude climbs, Sensex sheds 583 pts, Nifty below 24K
Equity benchmark indices tumbled on Thursday as surging crude oil prices, weak Asian cues and relentless foreign fund outflows battered investor sentiment. The Nifty slipped below the 24,000 mark, weighed down by banking stocks. Most sectoral indices ended in the red, with the Nifty IT index bucking the trend. Brent crude climbed to around $120 per barrel amid rising fears of supply disruptions linked to potential curbs on Irans ports, fuelling inflation concerns in India. Global markets offered little support, pressured by elevated energy prices and uncertainty over the Federal Reserves policy stance. Meanwhile, a sharp slide in the rupee to a record low added to the strain on domestic equities.
Global markets turn selective as AI, oil and capital flows drive divergence: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions, Asia at Manulife Investments explains how AI investments, rising oil prices and shifting capital flows are driving divergence across global equity markets.
Temasek-backed OnEMI IPO opens today: Should you subscribe?
Ahead of the issue opening, OnEMI Technology raised ₹277.7 crore from anchor investors such as Citigroup Global Markets Mauritius, ACM Global Fund VCC, New York State Teachers Retirement System (managed by Goldman Sachs Asset Management), among others.
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 ..
Where to invest now: SBI MF prefers large caps, pharma, PSU banks
Ruchit Mehta, Head of Research at SBI Mutual Fund, prefers CDMO and hospital plays within pharma, citing stronger growth prospects over generics. He sees large caps as attractive on valuations, while midcaps require selectivity amid earnings risks. PSU banks may outperform in the near term due to stronger loan growth, but asset quality risks could emerge over the next 2–3 quarters if global disruptions persist.
Markets slip in red: Nifty below 24,100, Sensex down 250 points; Eternal plunges nearly 4% - financialexpress.com
Markets slip in red: Nifty below 24,100, Sensex down 250 points; Eternal plunges nearly 4%financialexpress.com
Ahead of Market: 10 things that will decide stock market action on Friday
Equity markets fell for a second session as IT, auto and financial stocks weighed on sentiment. Nifty and Sensex declined, volatility rose, and analysts highlighted key technical levels amid mixed global cues and selective stock buying interest
Sensex dives 850 pts, Nifty slips below 24,200 amid oil shock and weak global cues
The equity benchmark indices Sensex and Nifty tumbled on Thursday, extending losses for a second straight session. Firm crude oil prices and ongoing geopolitical tensions rattled sentiment. Brent crude surged for the fourth consecutive day to around $103 per barrel amid uncertainty over US-Iran talks and fresh concerns around the Strait of Hormuz. Weak Asian cues and persistent foreign fund outflows deepened the sell-off. The Nifty slipped below the 24,200 mark, dragged by auto, PSU banks and consumer durables stocks, while pharma and healthcare shares saw selective buying. Investors stayed cautious, closely tracking the ongoing Q4 earnings season for further triggers.
Stock Market Today Highlights: Sensex ends over 850 points down; Nifty50 below 24,200 as oil prices rise - The Times of India
Stock Market Today Highlights: Sensex ends over 850 points down; Nifty50 below 24,200 as oil prices riseThe Times of IndiaStock Market Highlights, Sensex Today: Sensex Closes 850 Points Lower, Nifty Down 205 Amid Mixed Global CuesNDTVClosing Bell: Sell-off deepens: Nifty breaches 24,200, Sensex plunges 900 pts as crude climbsMoneycontrol.comIndia shares lower at close of trade; Nifty 50 down 0.84%Investing.com IndiaSensex Today Tanks 756 Points | Nifty Below 24,450 | 4 Reasons Why Indian Share Markets are FallingEquitymasterSensex plunges 850 points, Nifty 50 ends below 24,200: Key factors behind stock market crash explainedMintIndians stock markets fall for 2nd day over West Asia tensionsTelangana TodayStock Market Crash Highlights: Nifty, Sensex Slump For Second Day On Negative Global Cues Over Lack Of Progress In US-Iran TalksNDTV ProfitNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 23 AprilMint
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April?
Earlier this month, DSP Mutual Fund in its strategy report said that it is shifting from a conservative to a constructive view on the Indian stock market, as the correction has brought valuations closer to long-term averages.
Markets under pressure in early trade: Nifty hovers around 24,200, Sensex falls 700 points; Trent down 2.6% - financialexpress.com
Markets under pressure in early trade: Nifty hovers around 24,200, Sensex falls 700 points; Trent down 2.6%financialexpress.com
Stock market crash: Will the Nifty 50 sustain above 24K? These three bank stocks hold key
On April 22, Indian stock markets fell sharply, with the Sensex losing 831 points and Nifty 50 dropping 224 points. The decline was driven by IT and banking sectors amid global uncertainties, including the U.S.–Iran conflict and fluctuating crude oil prices, causing cautious investor sentiment.