Stock Markets Tumble in Early Trade Amid Escalating Tensions in West Asia, Higher Oil Prices
IT stocks and foreign fund outflows weighed on sentiment as Brent crude climbed to $99.33 a barrel, traders said.
- On Wednesday, the BSE Sensex and NSE Nifty tumbled in early trade as escalating tensions in West Asia pushed crude oil toward the $100-per-barrel mark.
- Brent crude traded 1.44% higher at $99.33 per barrel, while WTI crude holds in the $94-95 range as escalating hostilities in West Asia heighten fears of supply disruptions.
- The 30-share Sensex tanked 500.25 points to 75,060.61, while the 50-share Nifty declined 129.40 points to 23,506.10, with HCL Tech, Tech Mahindra, Infosys, TCS, and Hindustan Unilever as major laggards.
- Radhakrishnan, Founder & CEO of HST Wealth, warned that sustained crude prices above $100 could "intensify inflationary pressures" and weigh on the rupee, diminishing monetary easing expectations for India.
- Asian markets showed mixed results on Wednesday, with South Korea's Kospi and Japan's Nikkei 225 index trading higher while Hong Kong's Hang Seng index fell amid fresh FII outflows.
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Stock Market Today: Sensex Plunges Over 800 Points As Brent Crude Hits USD 100 Amid US-Iran Tensions | 📰 LatestLY
Indian stock markets came under heavy selling pressure on Wednesday, with the Sensex plunging more than 800 points and the Nifty slipping below the 23,450 level as Brent crude oil briefly crossed USD 100 a barrel amid escalating tensions between the United States and Iran. 📰 Stock Market Today: Sensex Plunges Over 800 Points As Brent Crude Hits USD 100 Amid US-Iran Tensions.
Stock markets tumble in early trade amid escalating tensions in West Asia, higher oil prices
Selling in IT stocks and fresh foreign fund outflows also dented investors' sentiment. The 30-share BSE Sensex tanked 500.25 points to 75,060.61 in early trade. The 50-share NSE Nifty declined 129.40 points to 23,506.10
Stock markets tumble in early trade amid escalating tensions in West Asia, higher oil prices - The Tribune
Market benchmark indices Sensex and Nifty tumbled in early trade on Wednesday as escalating tensions in West Asia pushed crude oil to near USD 100-per-barrel mark.
Stock Markets Today: Sensex, Nifty Tumble as Crude Nears $100/barrel
Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.
Social News XYZ
Sensex plunges over 800 points as Brent crude hits $100 amid US-Iran tensions
Mumbai, Sep 9 (SocialNews.XYZ) Indian equity markets extended their decline for the third consecutive session on Wednesday as escalating US-Iran tensions pushed Brent crude prices to the crucial $100-per-barrel mark, raising concerns over inflation and... - Social News XYZ
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