Nifty Falls for 7th Day, Sensex Down 326 Points as Rising Crude Oil Prices Unnerve Investors
The Sensex fell 325.78 points as higher crude prices and weak global equities kept Indian markets under pressure.
- On Wednesday, the NSE Nifty declined for its 7th consecutive session, falling 0.32% to 24,078.30, while the BSE Sensex registered its 4th day of decline, dropping 0.42% to 76,909.68.
- Following the expiration of the 60-day US-Iran ceasefire without diplomatic resolution, Brent crude jumped 1.04% to $91.97 per barrel, renewing investor concerns over prolonged energy supply disruptions.
- Asian markets endured one of their weakest sessions in recent months, with South Korea's Kospi plunging nearly 6% and Japan's Nikkei 225 falling more than 3% amid heavy selling in technology stocks.
- Investors remain cautious ahead of the US FOMC minutes release, concerned about the Federal Reserve's ongoing battle against inflation, while the Rupee fell 2 paise to 95.76 against the USD.
- Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, noted that external headwinds outweigh domestic fundamentals, while Vinod Nair, Head of Research, Geojit Investments Ltd, warned risks remain elevated as global equities struggle.
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Rising Crude Prices, US-Iran Tensions Drag Down Indian Equities
Indian benchmark equity indices, Sensex and Nifty, closed lower for multiple consecutive days, with the Nifty extending its losses to a seventh day, primarily due to elevated crude oil prices following the expiry of the US-Iran ceasefire without a diplomatic resolution.
Nifty falls for 7th day, Sensex down 326 points as rising crude oil prices unnerve investors
The 30-share BSE Sensex was down 325.78 points, or 0.42%, to settle at 76,909.68, registering its fourth day of decline. During the day, it dropped 412.57 points, or 0.53%, to 76,822.89
Nifty falls for seventh day, Sensex down 326 points as rising crude oil prices unnerve investors
Benchmark equity indices Sensex and Nifty closed lower on Wednesday as elevated crude oil prices amid a lack of a diplomatic resolution following the end of the US-Iran ceasefire dented investor sentiment.
Stock Market Today: Nifty Extends Losing Streak to 7th Day, Sensex Falls for 4th Session | 📰 LatestLY
The Nifty declined 76.60 points, or 0.32 per cent, to settle at 24,078.30, while the Sensex fell 325.78 points, or 0.42 per cent, to close at 76,909.68. With Wednesday’s decline, the Nifty posted its longest losing streak since September 2025. 📰 Stock Market Today: Nifty Extends Losing Streak to 7th Day, Sensex Falls for 4th Session.
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