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INR plunges on boiling oil prices; DXY above 99.50
The Indian rupee plunged sharply in opening trades on Monday tracking a firm dollar overseas coupled with boiling international crude oil prices. WTI crude oil futures soared above $100 per barrel for the first time in three and half years amid escalating tensions in Middle East showing no signs of abating. Middle Eastern producers cut output as the Strait of Hormuz remains closed due to the Iran war. WTI price hit $115.49 per barrel, the highest since June 2022. INR opened at Rs 92.22 per dollar and hit a low of 92.34 so far during the day as compared to Fridays close at 91.82. Dollar is soaring at three month higher well above 99.50 mark. Negative cues from equities amid sharp sell off by foreign investors is also weighing on the local unit. Indian shares nosedived on Monday morning. The benchmark BSE Sensex was down 2,192 points, or 2.8 percent, at 76,726 in early trade while the broader NSE Nifty index slumped 665 points, or 2.7 percent, to 23,782.
Sensex Crash Today LIVE: Bloodbath on D-Street! ₹15 lakh crore investor wealth eroded; Nifty below 23,800
Sensex Crash Today LIVE: Sensex and Nifty 50 open sharply lower today, tracking a broad sell-off in global markets after crude oil prices surged above $100 per barrel amid escalating tensions in the US-Iran conflict.
Indian Stock Market to Open Lower: GIFT Nifty Signals 770-Point Gap Down; Crude Surges Above USD 100 - Dalal Street Investment Journal
Indian Stock Market to Open Lower: GIFT Nifty Signals 770-Point Gap Down; Crude Surges Above USD 100Dalal Street Investment Journal
GIFT Nifty tanks 800 points as oil crosses $100 on Iran war, roils global markets
Based on the GIFT Nifty implied open, the Nifty 50 index is likely to begin trade around the 23,776 mark.
Trade Setup for March 9: Nifty at risk of a fall towards 24,000 as oil nears $100 a barrel
The previous session's bounce lacked conviction, which led to renewed selling on Friday, while investors also chose to remain cautious ahead of the weekend.
US stocks fell, GIFT Nifty down 300 points and oil nears $100. How will stock market react on Monday?
Indian equities are set for a weak start on Monday after global markets ended the week sharply lower. Rising crude oil prices following escalating Middle East tensions and a selloff in US stocks have dampened sentiment. Analysts warn markets may remain volatile as investors track oil prices, foreign flows and geopolitical developments.
Ziller Global Fund Active ETF (ZILR) - Investing.com India
Ziller Global Fund Active ETF (ZILR)Investing.com India
Tencent Cloud Europe sells 1% stake in PB Fintech for ₹695 crore in block deal
Goldman Sachs Bank Europe SE purchased PB Fintech shares worth ₹182 crore. Societe Generale and Viridian Asia Opportunities Mutual Fund acquired shares valued at ₹100.5 crore each. Shares of PB Fintech Ltd ended at ₹1,428.15, down by ₹47, or 3.19%, on the BSE today, March 6.
Stock Market Highlights | Sensex sinks 1,100 pts, Nifty below 24,550 as financials drag
Stock Market Highlights: Indian equities ended sharply lower on Friday, with the BSE Sensex dropping 1,097 points and the Nifty 50 falling below 24,500 as banking stocks dragged the market. Weak global cues and rising West Asia tensions kept sentiment fragile, marking the second straight weekly decline for benchmark indices.
Markets in Turmoil: Sensex ends down 1,100 points, Nifty above 24,450; rupee slips to 92/$ as crude surges - The Financial Express
Markets in Turmoil: Sensex ends down 1,100 points, Nifty above 24,450; rupee slips to 92/$ as crude surgesThe Financial Express
Markets fall for third day: Sensex down 1,100 points, Nifty below 24,500; rupee at record low
Closing Bell: Indian equities extended losses for a third session as West Asia tensions escalated, dragging the Sensex down 1,123 points, pushing the rupee to a record low and bruising midcaps.
Sensex crashes 1,100 points, investors lose ₹10 lakh crore— Why did the stock market fall? Explained
Sensex crashed 1,123 points, or 1.40%, to end at 79,116.19, while the Nifty 50 plunged 385 points, or 1.55%, to close at 24,480.50. The BSE 150 MidCap Index crashed 2.26%, while the BSE 250 SmallCap Index suffered a loss of 2.24%.