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Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Sensex slides 571 pts in early trade; breadth negative
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 570.74 points or 0.73% to 77,609.98. The Nifty 50 index lost 142.40 points or 0.58% to 24,256.30.
Are bluechip stocks cheap and safe to invest in now? Radhika Gupta explains why the answer isn't so simple
Edelweiss Mutual Fund MD & CEO Radhika Gupta says investors should move beyond the belief that large-cap stocks are inherently safer, arguing India's evolving economy favours bottom-up investing across market caps. She remains optimistic about domestic inflows, advocates diversified portfolios with global exposure, and expects double-digit equity returns, while cautioning against relying on outdated market narratives.
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday
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.
Sensex settles 104 pts lower; Nifty ends tad below 24,400 level
As per provisional closing data, the S&P BSE Sensex declined 104.35 points or 0.13% to 78,180.72. The Nifty 50 index lost 31.65 points or 0.13% to 24,398.70. In the four consecutive trading sessions, the Sensex rallied 2.34% while the Nifty jumped 2.35%.
Top Gainers & Losers on 7 July: Trent, Kalyan Jewellers, Cochin Shipyard, Tejas Networks, BSE among top losers
The Indian stock market's bull run ended on July 7 as benchmark indices fell due to profit booking, particularly in auto and metal sectors, despite gains in IT stocks. The Nifty 50 settled 0.25% lower, while Sensex dropped 387 points, breaking their winning streak.
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
SBI Mutual Fund IPO Review: A Complete DRHP Analysis - Groww
SBI Mutual Fund IPO Review: A Complete DRHP AnalysisGroww
Nifty trades above 24,450; FMCG shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 112.85 points or 0.14% to 78,397.92. The Nifty 50 index surged 32.25 points or 0.13% to 24,463.15.
MF Picks: 13 stocks surge up to 230% in just 3 months; 3 turn multibaggers
Thirteen BSE 500 stocks surged 60%–230% in just over three months after mutual funds increased their holdings in the March 2026 quarter, with HFCL, Cemindia Projects and Aditya Infotech emerging as multibaggers.
Nifty trades above 24,450; IT shares advance
At 13:30 IST, the barometer index, the S&P BSE Sensex rose 50.96 points or 0.07% to 78,336.03. The Nifty 50 index gained 23 points or 0.09% to 24,453.35.