Nifty Hits April Low as Oil and US Yields Bite
The Nifty 50 closed at its lowest since April as expensive crude and rising US yields added pressure. Here is what Indian investors should watch next.
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The Nifty 50 closed at its lowest since April as expensive crude and rising US yields added pressure. Here is what Indian investors should watch next.
Gold weakened after a US price report and surging crude oil strengthened expectations that the Federal Reserve could raise rates this month.
Sensex and Nifty fell more than 1% as US-Iran tensions and rising oil prices unsettled investors, reviving inflation and growth concerns.
The rupee closed at 95.75 per dollar as soaring oil prices and weak equities added pressure, despite nine sessions of RBI intervention.
Nifty has fallen for six straight sessions as higher crude oil and West Asia tensions weigh on sentiment. Here is what investors should watch next.
Crude oil eased despite fresh Iran tensions, but weekly gains near 4% keep India’s inflation, rupee and corporate-cost risks firmly in focus.
Nifty faced a muted Monday opening signal as stronger Asian markets competed with rising crude oil and geopolitical uncertainty.
Nifty fell 0.64% as realty, infrastructure and FMCG weakened; metals gained while investors weighed RBI policy, crude’s slump and LIC’s OFS.
US stocks surged as tech led a broad rally, oil prices plunged on Hormuz hopes, Treasury yields fell and gold reached 4,155.10.
Nifty 50 closed at 24,550.45 (+0.68%) on Monday as FMCG surged 1.52%, the rupee firmed 25 paise, and crude oil tumbled 5.70% on US-Iran truce hopes.
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