Ahead of Market: 10 Things that Will Decide Stock Market Action on Wednesday
Brent crude jumped 1.89% to $107.7 a barrel as foreign selling and higher bond yields pushed benchmark indices to multi-month lows.
- On Tuesday, the BSE Sensex tumbled 777.94 points to a three-month low of 74,003.82, while the NSE Nifty dropped 279.50 points to 23,118.60, its lowest level since April 6.
- Surging Brent crude oil prices, which jumped 1.89% to $107.7 per barrel, and rising global bond yields drove the decline as investors grew cautious ahead of central bank meetings.
- Among the 30 BSE Sensex firms, Bharat Electronics tumbled 6 per cent, though information technology stocks including HCL Tech, Infosys, and Tata Consultancy Services outperformed as concerns over AI-led disruption eased.
- "Indian equities suffered a sharp reversal on Tuesday, surrendering their opening gains," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, said, citing investor caution ahead of the Federal Reserve's policy decision.
- Foreign Institutional Investors continued to offload equities, selling Rs 930.90 crore on Friday, while domestic equity markets had remained closed on Monday on account of Ganesh Chaturthi.
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15 Articles
The Economic Times
Times of IndiaAhead of Market: 10 things that will decide stock market action on Wednesday
Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yields, global uncertainty and foreign outflows pressured sentiment. Nifty breached 23,231 support, while 2,824 NSE stocks declined, signalling strong bearish market breadth.
Indian Equities Tank as Oil Surges, Rate Hike Fears Grip Global Markets
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
Stock Market Today: Sensex Falls 778 Points, Nifty Drops 280 Points Amid Broad Market Sell-Off | 📰 LatestLY
The Sensex declined 777.94 points, or 1.04 per cent, to settle at 74,003.82, while the Nifty dropped 279.50 points, or 1.19 per cent, to close at 23,118.60. 📰 Stock Market Today: Sensex Falls 778 Points, Nifty Drops 280 Points Amid Broad Market Sell-Off.
Sensex sheds 778 points, Nifty settles at 23,118.60 amid rising global bond yields, crude oil prices
Meanwhile, the Indian rupee extended its losses for the fifth consecutive session, dragged down by a persistent surge in global bond yields and rising crude oil prices amid ongoing supply disruptions.
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