Stock Markets End Largely Unchanged Amid Elevated Crude Oil Prices, Selling in Bank Stocks
Selling in bank stocks and elevated crude prices kept benchmark Indian equities nearly unchanged, with the Sensex and Nifty closing marginally lower.
- On Tuesday, Indian benchmark indices BSE Sensex and NSE Nifty ended largely flat in volatile trading. The BSE Sensex dipped 8.08 points, or 0.01 per cent, to settle at 73,598.67, while the NSE Nifty skidded 3.45 points, or 0.02 per cent, to close at 22,749.75.
- High crude prices and caution ahead of the Federal Reserve's policy decision overshadowed supportive global cues, according to Vinod Nair, Head of Research at Geojit Investments, who cited these factors as key drivers of market flatness.
- Banking heavyweights State Bank of India, Axis Bank, and HDFC Bank were major laggards, while Nifty Realty rose 1.94 per cent. Brent crude prices remained elevated at $115.8 per barrel, constraining investor appetite.
- Despite the flat main indices, broader market resilience emerged as 18 of 30 Sensex companies closed in the green and the BSE SmallCap Select Index rose 2.59 per cent, signaling strength in smaller-cap stocks.
- Hariselvan Radhakrishnan, Founder and CEO of HST Wealth, noted that sustained crude decline could improve corporate margins, though "any fresh supply disruption would quickly revive inflation concerns," constraining market outlook.
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Indian Equities End Flat as Elevated Crude, US Fed Decision Weigh
Indian benchmark indices, Sensex and Nifty, closed largely unchanged after a volatile trading session, influenced by persistently high crude oil prices, selling pressure in major bank stocks, and investor caution ahead of the US Federal Reserve's policy decision.
Nifty, Sensex Close Flat Amid Pressure from High Crude Prices and Caution Ahead of US Fed Policy
Get latest articles and stories on Business at LatestLY. The stock markets closed marginally lower on Tuesday amid continued pressure from elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision. Business News | Nifty, Sensex Close Flat Amid Pressure from High Crude Prices and Caution Ahead of US Fed Policy .
Sensex, Nifty end volatile session flat as private bank, IT drag amid elevated crude oil prices
The Indian rupee traded with minor gains of around 9 paise to 95.08, finding support near 95.00 despite crude oil prices hovering around $115 and the Dollar Index near 101.50.
Stock Market Today Highlights, October 27: Stock markets end largely unchanged amid elevated crude oil prices, selling in bank stocks
Sensex, Nifty, Share Prices Highlgihts: Market benchmark indices Sensex and Nifty ended largely unchanged in a highly volatile trade on Tuesday amid persistently elevated crude oil prices, selling in blue-chip bank stocks and caution ahead of the US Federal Reserve's policy decision.
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