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Stock markets fall in early trade amid soaring crude oil prices, West Asia conflict
- 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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Coverage Details
Total News Sources21
Leaning Left1Leaning Right5Center3Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
11%
C 33%
R 56%
Factuality
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