Sensex, Nifty See Sharp Drop as Iran President's UN Remarks Push Crude Above $102; NSE IPO's Debut in Focus
Banks and NBFCs led the decline as Brent crude climbed above $102 a barrel and weak global cues pressured Indian markets, analysts said.
- Benchmark indices BSE Sensex and NSE Nifty tumbled in early trade on Thursday as Brent crude prices surged above the $100 per barrel mark.
- Stock market sentiment soured as Brent crude climbed to $102.2 per barrel and 10-year Treasury yields hit 5.11 per cent, weighing on India's equity markets.
- In early trade, the 30-share BSE Sensex tanked 632.68 points while the 50-share NSE Nifty dropped 216.15 points, with 1,872 stocks declining against 745 advancing.
- The National Stock Exchange made its market debut today, with its Rs 22,569 crore IPO receiving a subscription of 5.71 times amid market turbulence.
- Technical Research Analyst Hitesh Tailor at Choice Broking Private Limited warned the near-term tone may turn defensive, as holding key support zones remains crucial for market stability.
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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