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Market move▼ Bearish for Indian equities
Stock markets tumble in early trade dragged by elevated crude oil prices, foreign fund outflows
The brief
- Sensex fell 503 points to 72,260.09 in early trade
- Nifty dropped 151 points to 22,626.50
- Elevated crude and foreign outflows pressure Indian equities, especially oil-sensitive sectors
- IPO pipeline swells to nearly Rs 4 lakh crore: Liquidity squeeze for secondary markets or valuation reset? Analysts weigh in
- Foreign investors are back: India real estate draws record $9.5 bn in Q3
- Axiscades Tech shares gain 10% after equity worth ₹741 crore changes hands in block deal window
- Honasa shares fall as ₹643 crore block deal moves 4.4% of equity
- GIFT Nifty signals weak opening as FPI selling, rising crude weigh on sentiment
Indian shares fall as oil prices rise
The Nifty fell to a six-month low, with Brent nearing $108 a barrel and oil-price concerns and rising US bond yields weighing on shares. More than ₹7.5 lakh crore in market capitalisation was erased, and 18 of 50 Nifty stocks were over 20% below their 52-week highs.
Tuesday, 29 September
- Stock markets tumble in early trade dragged by elevated crude oil prices, foreign fund outflows