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Sensex Plunges 700 Points, Nifty Falls 0.95% as Iran War Drives Oil to $108
Brent crude surged above $108 a barrel, and analysts said the rise is fueling inflation worries and global market weakness.
- On Friday, the BSE Sensex dropped 593.43 points, or 0.79 per cent, to 74,309.16, while the Nifty opened lower at 23,270.30 following a negative start indicated by Gift Nifty.
- Brent crude surged above $108 per barrel amid geopolitical anxieties surrounding the Strait of Hormuz, as the US-Iran conflict clogs global crude flows, intensifying inflation worries.
- Market breadth remained negative with 2,273 stocks declining against 460 advancing on the NSE. Indigo fell 2.57 per cent, while HCL Tech led gainers with a 1.19 per cent increase.
- Asian stocks traded lower as Wall Street dragged, led by Japan's Nikkei falling 2.79 per cent. Hong Kong's Hang Seng dropped 0.97 per cent, South Korea's Kospi fell 2.52 per cent, and Shanghai's SSE Composite declined 1.82 per cent.
- Foreign Institutional Investors remained net sellers on Thursday, offloading equities worth Rs 438.24 crore. Conversely, Domestic Institutional Investors purchased equities valued at Rs 1,025.85 crore during the same session.
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Stock Market Today: Sensex, Nifty Open Lower Tracking Global Cues, Crude Oil Prices | 📰 LatestLY
Indian equity benchmarks Sensex and Nifty opened sharply lower on Friday, tracking weak global market cues and a surge in crude oil prices amid heightened geopolitical tensions in the Middle East. 📰 Stock Market Today: Sensex, Nifty Open Lower Tracking Global Cues, Crude Oil Prices.
·Mumbai, India
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Sensex plunges 593 points, Nifty falls 0.88% at open as crude price surge to 4-month high
Mumbai (Maharashtra) : Indian benchmark equity indices opened sharply lower on Friday amid escalating tensions in West Asia and a surge in crude oil prices, raising concerns over the impact of higher energy costs on India’s economic growth and corporate earnings. The Nifty 50 index opened at 23,270.30, down 207.50 points or 0.88 per cent, […] ChiniMandi
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Total News Sources13
Leaning Left0Leaning Right3Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 40%
R 60%
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