Sensex over 700 Pts Down After Longest Weekly Losing Streak in Years; Crude Soars Above $106
- The BSE Sensex and Nifty opened lower on Monday as Brent crude prices topped USD 106 amid uncertainty over potential US-Iran truce discussions, with the Sensex shedding 0.22 per cent to 73,734.83.
- Asian shares traded mostly lower as oil prices jumped, with South Korea's Kospi falling 2.47 per cent and Shanghai's SSE Composite sliding 1.77 per cent, while Japan's Nikkei declined 0.29 per cent.
- Market breadth remained positive with 1,572 stocks advancing against 1,295 declining on the NSE, though Adani Ports gained 0.62 per cent while Tech Mahindra dropped 0.63 per cent alongside other losers.
- Foreign Institutional Investors offloaded equities worth Rs 3,693.93 crore on Friday, while Domestic Institutional Investors remained buyers, purchasing equities worth Rs 2,838.17 crore.
- Hitesh Tailor, Technical Research Analyst at Choice Broking Private Limited, said "Persistent FII selling and elevated crude prices could keep sentiment subdued," as Nifty and Bank Nifty remain volatile.
19 Articles
19 Articles
Nifty Breaks Below 23,000, Sensex Tumbles 665 Points as Oil Climbs, Expiry Volatility Looms
Get latest articles and stories on Business at LatestLY. Indian equity benchmarks opened lower on Monday, with the Nifty 50 slipping below the crucial 23,000 level as rising crude prices, pressure on the rupee and higher global bond yields weighed on sentiment. Business News | Nifty Breaks Below 23,000, Sensex Tumbles 665 Points as Oil Climbs, Expiry Volatility Looms.
Why is market down today: Sensex, Nifty fall in Monday trade - Top 3 factors behind plunge
On September 28, Nifty 50 and Sensex opened lower as investors grew cautious after the longest weekly losing streak since 2020. Crude oil prices rose, adding pressure, with Nifty dropping 0.33% to 23,064.90 and Sensex down 0.22% to 73,734.83 at 9:15 AM IST.
Sensex Tumbles Over 700 Points, Nifty Slips As Crude Oil Crosses $100
The Sensex and Nifty opened sharply lower on Monday, September 28, as investors returned to the market with fresh concerns over rising crude oil prices and the ongoing tensions between the United States, Iran and Israel. The weak opening came after
Stock Market Crash: As soon as the stock market opened on Monday, a scene of devastation was witnessed. Stocks from large-cap to small-cap were trading in the red. The BSE Sensex plunged 850 points, while the Nifty fell below 23,000.
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