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$100 crude gives Rs 20 lakh crore shock to Nifty bulls this week. Best time to buy the fear?
Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth, hammering markets in India as the Iran conflict escalates. The rupee hit a record low, and FIIs continue to sell, yet experts and Axis Mutual Fund argue the panic may be creating a rare long-term buying window.
Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 13 amid rising crude oil prices
Nifty 50, Sensex today: The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,560 level, a discount of nearly 168 points from the Nifty futures’ previous close.
INR recovers from record lows but settles beyond 92/$ mark
The Indian rupee recovered from record low levels and settled with a loss of 16 paise at 92.17 (provisional) against the US dollar on Thursday as global crude oil prices stayed on an upward trajectory amid the raging war in West Asia. A stronger greenback and volatility in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy foreign fund outflows. Indian shares fell sharply on Thursday to extend losses from the previous session as the prospect of a quick end to the war in West Asia thinned and trade tensions resurfaced. At close, the Sensex declined 829.29 points, or 1.08 per cent, to settle at 76,034.42, taking its two-day decline to 2,171.56 points. While the Nifty slipped 227.70 points, or 0.95 per cent, to close at 23,639.15, it slipped 2.56% in two sessions. At the interbank foreign exchange, the local unit opened at 92.25 but kept slipping to touch its record intra-day low against the greenback at 92.36. ...
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian stock markets, Sensex and Nifty, experienced a significant downturn on Wednesday. Both indices closed nearly 2% lower. This decline followed a surge in crude oil prices and heightened tensions in West Asia. Foreign fund outflows and selling in major bank stocks also contributed to the market's fall. Investors are now awaiting key inflation data from the US and India.
RIL Share Price Trades Higher After Trump Announces US Oil Refinery Project
RIL share price went as high as 1.8% to Rs 1,434 on the NSE, compared to a 0.3% decline in the benchmark Nifty 50.
DSP Mutual Fund flags global shifts, expensive midcaps, IT lag: How investors may position portfolios
DSP Mutual Fund advises caution and diversification amid market risks like rising oil prices and high US equity valuations. AI spending by tech giants drives global markets.
Market Trading Guide: Apollo Pipes among 3 stock recommendations for Tuesday
Sensex and Nifty plunged nearly 2% as rising crude oil prices, weak global cues and escalating West Asia tensions triggered heavy selling. Foreign fund outflows and a weaker rupee added pressure. Analysts recommend Apollo Pipes, Aurobindo Pharma and Tata Steel for potential short-term gains.
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Sensex, Nifty crash as crude nears $120: Any sector to hide in as Middle East war intensifies?
The surge in crude oil prices triggered a sharp selloff in Indian equities on Monday. The benchmark BSE Sensex fell nearly 2,400 points shortly after opening, while the Nifty 50 dropped more than 700 points, before recovering some of the losses. All sectoral indices were trading in the red.
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.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Astra Microwave Products shares on March 9
Escalating crude oil prices are set to impact India's economy and stock market, leading to inflation worries and a weaker rupee. The Nifty 50 is expected to decline as geopolitical tensions rise, with a notable shift towards safer investments observed in the market.
Stocks to watch: PB Fintech, Kwality Walls, Tata Power among 10 shares in focus on Monday
Stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged