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Top Gainers & Losers on June 3: TCS, Coforge, PB Fintech, JM Financial, Tata Elxsi, Thermax among top losers today
The Indian stock market fell on June 3, with the Nifty 50 down 0.36% and the Sensex down 0.54%. Rising crude oil prices and escalating Middle East tensions contributed to the decline, impacting investor confidence and market sentiment.
INR depreciates further to one-week low as oil stays elevated amid Middle East turmoil
The Indian rupee depreciated further in opening trades on Wednesday as oil prices stay elevated, driving fears of inflationary pressures in future. INR opened at Rs 95.43 per dollar and hit a low of 95.65 so far during the day. Yesterday, rupee fell 15 paise to close at 95.34 against the US dollar, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. Local equities continue to stay strained in early trades with BSE Sensex trading at 73,866.45, down by 783.39 points and NSE Nifty 50 trading at 23,247.90, down by 235.65 points.
Rupee falls 19 paise against dollar amid higher oil prices, weak Asian peers
Indian rupee opens weaker at 95.45 against US dollar as Gulf tensions lift crude prices, markets eye RBI policy decision and inflation outlook.
Rupee opens 19 paise lower at 95.45 against US dollar
The Indian rupee fell 19 paise to 95.45 against the US dollar, influenced by rising crude oil prices and Asian currency weakness amid escalating tensions in the Gulf. Investor sentiment weakened due to Iranian military actions and ongoing FPI outflows, despite RBI interventions.
Indian shares resume slide as high oil prices, IT selloff weigh - Reuters
Indian shares resume slide as high oil prices, IT selloff weighReuters
From Gift Nifty, US-Iran war, oil prices to Nikkei rally: 8 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US-Iran war, oil prices to Nikkei rally: 8 key things that changed for Indian stock market overnightMint
INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
INR extends slump beyond Rs 95 per dollar mark
The Indian rupee extended slump beyond Rs 95 per dollar mark on Tuesday as oil prices shot up late yesterday amid stalled talks between US and Iran reigniting fears of oil supply disruption. Crude oil prices surged following reports from Iran's news agency indicating that Tehran has halted indirect negotiations with the United States. INR opened at Rs 95.16 per dollar and hit a low of 95.18 so far during the day. Yesterday, the counter settled at 95.19. Meanwhile, the Indian stock market is extending its losses today, tracking weak global cues and Middle East tensions. The BSE Sensex dropped by over 440 points in early trade, slipping into the 74,200 range, while the NSE Nifty 50 fell beneath the 23,250 mark.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Rupee edges lower against dollar amid oil price concerns, FPI outflows
Indian rupee opens weaker at 95.06 against US dollar as high crude prices and foreign fund outflows weigh on sentiment, RBI steps in to curb volatility.
Rupee opens 7 paise lower at 95.06 against US dollar
The Indian rupee opened at 95.06 against the US dollar, weakened by crude oil price volatility and foreign investor selling. Despite nearly $25 billion in outflows, the rupee has remained stable due to central bank interventions. Market focus now shifts to RBI policy and US-Iran negotiations.
From Gift Nifty, US-Iran talks, gold rates to oil prices: 10 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US-Iran talks, gold rates to oil prices: 10 key things that changed for Indian stock market overnightMint