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Sensex drops 829 pts, Nifty below 23,650 amid West Asia tensions, crude surge
The key equity benchmarks ended sharply lower on Thursday, extending their decline for the second consecutive session. Market sentiment remained weak amid escalating tensions between Iran and Israel, which pushed crude oil prices higher. Continued selling by foreign institutional investors, a rise in bond yields and the rupee hitting a record low against the dollar also pressured domestic equities. Global cues remained subdued, with weakness in international markets adding to the cautious mood among investors. The Nifty ended below the 23,650 level, dragged by losses in auto, FMCG and private banking stocks.
AlphaGrep gets Sebi approval to launch mutual fund business
AlphaGrep has received approval from Sebi to launch its mutual fund business, aiming to provide retail investors with access to sophisticated investment tools.
INR seen under pressure but holds under 92 per dollar mark
The Indian rupee came under pressure in opening trades on Wednesday as sentiments stay bleak amid ongoing conflicts in Middle East. INR opened at Rs 91.92 per dollar and hit a low of 91.97 so far during the day. Rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85, aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia. Sharp gains in the domestic equity markets, along with a weaker greenback, provided further support to the domestic unit. Indian shares rebounded from recent string of losses on Tuesday amid hopes of an easing of tensions in the U.S.-Iran conflict. The Sensex jumped 639.82 points or 0.82 percent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 percent to 78,526.25. The Nifty climbed 233.55 points or 0.97 percent to end at 24,261.60. Indian shares opened on a flat note Wednesday as investors clung to hopes for a ...
Arvind Smartspaces stock surges 13% after Pirojsha Adi Godrej buys 8.2 lakh shares via block deal
At the end of the December quarter, the HDFC Capital Fund held 8.8% stake in the company. Meanwhile, Godrej did not hold any previous stake in the firm, as per data available in the stock exchanges.,
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
Block Deal: HDFC Capital fund sells 1.8% stake in Arvind SmartSpaces for ₹41 crore
HDFC Capital sold a 1.8% stake in Arvind SmartSpaces for ₹41 crore. Pirojsha Godrej bought 8.2 lakh shares at ₹498 each. Shares fell 1.04% to ₹502.50.
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 ...
Nifty set for 3% gap-down opening as Middle East war rattles investor sentiment. Check GIFT Nifty levels
Indian equities are set to open sharply lower as crude oil surges nearly 20% amid the US-Israel-Iran conflict, weighing on global markets. Asian indices, led by Nikkei, plunged, while a strong dollar and rising US Treasury yields intensify pressure. Investors await the US CPI data for further cues.
Shares to buy or sell: Ruchit Jain of Motilal Oswal recommends BEL, and ONGC amid US-Iran war jitters
Indian stock markets fell sharply as Nifty 50 dropped 1.92% and Sensex 2.13% amid rising geopolitical tensions and high oil prices. The Indian rupee hit a record low against the dollar, prompting warnings for traders to remain cautious until a trend reversal occurs.
Trade Setup for March 2: Nifty braces for Monday chaos after US, Israel attack Iran
Before the markets open here in India, the bigger reaction will be seen on other asset classes beyond equities. Crude oil prices, Gold prices, moves on the US Dollar, the Yen, all of which will be significant and keenly monitored by the street. In fact, Barclays has already written in a note to clients that oil prices could go up to as high as $100 per barrel.
INR tumbles near three-week low amid surging international oil prices, firm dollar overseas
The Indian rupee plunged 31 paise to settle at 90.99 (provisional) against the US dollar on Friday, tracking a strong American currency against major currencies and higher crude oil prices amid intensifying US-Iran tensions. Positive momentum in domestic equity markets failed to support the Indian unit. Indian shares bounced back on Friday after falling sharply in the previous session on rising geopolitical tensions and uncertainty over the Federal Reserve's rate path. The benchmark BSE Sensex jumped 316.57 points, or 0.38 percent, to 82,814.71. The broader NSE Nifty index surged 116.90 points, or 0.46 percent, to 25,571.25, with metal and banking stocks leading the surge.
US-Iran tensions, oil risk, and IT growth concerns cloud market outlook, says Arvind Sanger
Arvind Sanger, Managing Partner at Geosphere Capital Management, warns that rising Iran-US tensions and higher oil prices could put pressure on Indian markets, even as the IT sector grapples with slowing growth and uncertainty around AI-led disruption.