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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.
From Gift Nifty, US-Iran war to crude oil prices: 7 key things that changed for Indian stock market overnight - livemint.com
From Gift Nifty, US-Iran war to crude oil prices: 7 key things that changed for Indian stock market overnightlivemint.com
INR seen supported by improving global risk sentiments
The Indian rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel. Moreover, softness in Brent oil prices is alaos expected to ease inflationary pressures for India, the world's third-largest oil importer. However, Indian shares ended slightly lower on Tuesday, with benchmark indexes Sensex and Nifty snapping a four-day winning streak. The Indian benchmark equity indices snapped their four-day winning streak, ending marginally lower due to late-session profit booking and weak Asian cues. The NSE Nifty 50 declined by 31.65 points (0.13%) to close at 24,398.70, while the BSE Sensex dropped 104.35 points (0.13%) to settle at 78,180.72.
Stock market today: Sensex, Nifty 50 snap four-day winning streak as oil prices rise
The Sensex dropped 104 points, or 0.13%, to end at 78,180.72, while the Nifty 50 shed 32 points, or 0.13%, to finish at 24,398.70. Nifty Midcap 100 and Smallcap 100 indices dropped 0.30% and 0.55%, respectively.
INR appreciates on improved market sentiment
The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. Yesterday, rupee depreciated 20 paise to close at 95.43 against the US dollar, as a strengthening greenback weighed on emerging market currencies. Meanwhile, local markets are extending gains amid strong quarterly updates from banking heavyweights like HDFC Bank, favorable monsoon progress, and steady foreign institutional buying. The BSE Sensex was trading at 78,374.76, up by 89.69 points (0.11%), while the NSE Nifty 50 was up 38.90 points (0.16%) at ..
Sensex rises over 150 points, Nifty above 24,450 as market extends gains for the 5th consecutive day
Indian stock markets traded higher on Tuesday, extending gains for a fifth consecutive session. Oil prices remained near pre-war levels, and foreign investors continued their buying trend. Sensex and Nifty both saw upward movement, with broader markets also participating in the rally. Certain sectors like IT advanced, while others experienced declines. Experts anticipate an uptrend supported by economic fundamentals and favorable interest rates.
Stock Market News: Sensex, Nifty Rise At Open Tracking Wall Street Gains, But Fresh Oil Tanker Attack Limits Upside - Outlook Money
Stock Market News: Sensex, Nifty Rise At Open Tracking Wall Street Gains, But Fresh Oil Tanker Attack Limits UpsideOutlook Money
Dixon Tech, Coforge, 8 other stocks among Motilal’s non-Nifty ideas ahead of Q1 results
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.
Pre-market action: Here's the trade setup for today's session
Indian equity markets concluded Monday's trading session on a higher note. The Nifty index experienced a gain of 0.7 percent during the day. Market participants are now anticipating the upcoming Q1FY27 earnings season. Analysts expect gradual market gains supported by stable oil and rupee. Foreign and domestic institutional investors showed net buying activity.
Nifty closes above 24,400 as rally extends to fourth straight session
Benchmark indices extended gains for a fourth straight session on Monday, supported by broad-based buying. Encouraging Q1 business updates, easing crude oil prices, improving monsoon progress and receding geopolitical concerns lifted sentiment. The Nifty closed above the 24,400 mark. Auto, consumer durables, oil & gas and metal stocks led the gains, while IT and PSU bank shares ended lower. Broader market also remained firm, reflecting sustained buying interest.
Three factors why ONGC shares got an upgrade from Motilal Oswal; Check latest price target
Adverse regulatory or fiscal changes, including higher government levies or changes in gas pricing mechanisms, lower-than-expected crude oil and domestic gas realisations arising from a weaker commodity price environment, are some of the key risks for ONGC.
INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.