Sensex, Nifty See Sharp Drop as Iran President's UN Remarks Push Crude Above $102; NSE IPO's Debut in Focus
- Sensex fell 632.68 points to 74,189.55, while Nifty dropped 216.15 points to 23,222.55 in early trading.
- Brent crude rose above $102 per barrel after Iranian President Masoud Pezeshkian said Tehran would not yield to U.S. pressure.
- Selling hit banks and non-bank financial companies.
- The National Stock Exchange began trading on the BSE and MSEI, with analysts expecting its shares to gain 2% to 3% on debut.
24 Articles
24 Articles
Sensex Tumbles over 600 Points, Nifty Below 23,300 Amid Surge in US Bond Yields
Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened sharply lower as investors digested the impact of the US 10-year Treasury yield crossing 5.10 per cent. Both indices opened with a gap down, with the Sensex falling over 500 points and the Nifty slipping below the 23,300 mark, while the Nifty Private Bank and Nifty Financial Services indices declined around 2 per cent each. Business News | Sensex Tumbles ove…
Markets Open Lower As Crude Oil Crosses $100; Sensex Falls 600 Points
Stock markets opened sharply lower on Thursday, tracking a rise in crude oil prices after Brent crude moved above $100 a barrel in the previous session. At 9.16 am, the BSE Sensex was trading at 74,240.87, down 600 points, or 0.79
Stock Market Crash: Thursday started off very poorly for stock market investors. The Sensex and Nifty crashed as soon as the market opened. The BSE Sensex plunged by more than 700 points upon opening.
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