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Market move▼ Strongly bearish for Indian equities
Nifty falls 1.56% as Brent futures near $108, riskoff mood deepens
The brief
- Nifty fell 1.56% to a five-month low as Brent neared $108
- NSE-listed companies’ market capitalisation fell below $5 trillion
- Higher crude and risk aversion weigh on Indian equities, especially oil-importing sectors and consumption-sensitive stocks
- Nifty 50 breaks below 23K! Monthly expiry may keep volatility elevated | Support, resistance, outlook for Sep 29
- Nifty IPO index is up 19.5% YTD as the broad market slips
- Unhedged Position: Stock Buying Rules For A Market That Won't Quit Falling
- IFCI, NIACL fall up to 4% as NSE stock slips below IPO price: Here's why
- PVR Inox Ltd slips for fifth straight session
Indian stocks fall as crude tops $100
On 28 September, the Sensex fell 1,124 points to 72,771.72 and the Nifty dropped 360 points to 22,780.25, a six-month low. Rising crude prices, weak global cues and geopolitical uncertainty weighed on markets; reports said investor wealth fell by ₹7.5 lakh crore.
Monday, 28 September
- Nifty falls 1.56% as Brent futures near $108, riskoff mood deepens