Sensex, Nifty Plunge Over 2 Percent On Middle East Concerns

RTTNews | vor 14 Tagen
Sensex, Nifty Plunge Over 2 Percent On Middle East Concerns

(RTTNews) - Indian shares succumbed to heavy selling pressure on Thursday as fears of a full-fledged war between Iran and Israel dented investors' appetite for riskier assets.

The escalating tensions fueled a significant rise in crude oil prices, heightening fear among market participants.

Brent crude contract jumped above $75 a barrel today, rising for a fifth straight session on concerns that a wider Middle East conflict could disrupt global energy shipments.

Also, new SEBI regulations to curtail retail participation in speculative index derivatives have raised concerns about reduced trading volumes in the broader market.

The benchmark 30-share BSE Sensex plummeted 1,769.19 points, or 2.10 percent, to 82,497.10 while the broader NSE Nifty index closed at 25,250.10, down 546.80 points, or 2.12 percent, from its previous close.

Among the prominent decliners, Reliance Industries, Axis Bank, Larsen & Toubro, Shriram Finance and BPCL slumped 4-5 percent in the Nifty pack.

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Sensex, Nifty Open Lower On Muted Global Cues

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Indian shares opened lower on Friday due to muted global cues as Middle East tensions persisted, and investors trimmed their bets on Federal Reserve interest-rate cuts this year.
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Asian Markets Trade Mostly Higher

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Hong Kong Shares Poised To End Losing Streak

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RTTNews | vor 7Std 10 Minuten