Stock Market Today: Nifty, Sensex Log Worst Week In A Month On Weak Global Cues; HDFC Bank Top Dragger
The Nifty Midcap 150 and The Sensex Smallcap 250 outperformed benchmark indices.
KEY HIGHLIGHTS
Rupee Closes Sharply Lower Against US Dollar
Stock Market Live: Boeing Extend Losses At Pre-Open
Sensex Sinks 1,200 Points; Nifty Hits Three-Week Low — Key Factors At Play
Gold Price At All-Time High As Iran-Israel Tensions Mount
Stock Market Live: SpiceJet, IndiGo Shares Fall Over 5% Post Air India Crash
Stock Market Today: Sensex, Nifty Set For Worst Friday The 13th In Over Nine Years
Friday the 13th has been a day of mixed movements for India's benchmark equity indices over the last few years. Today, however, is likely to be at the worst end of the spectrum in recent years. Nifty and Sensex are set for their worst Friday the 13th losses in over nine years, according to data compiled by NDTV Profit.
Find out more details here.
Market At Close: Nifty, Sensex Extend Losses To Second Day
Nifty and Sensex falls more than 1% for the week.
Nifty falls by 500 points from the weekly high.
Eternal and Adani Ports are the top losers in Nifty.
Nifty snaps two day gaining streak.
Nifty Midcap 150 fall more than 1% for the week, drag by Cochin Shipyard and One 97 communication.
Nifty smallcap 250 fall 0.4% for the day, drag by Netweb Tech and Angel One.
Nifty Realty fall the most and become top worst performing sector for the day.
Brigade enterprises and Raymond are the top losers in Nifty Realty.
Nifty Realty, Nifty Bank, PSU Banks snaps four week gaining streak.
Nifty IT snaps 3 week losing streak.
Nifty Pharma gain for the 3rd consecutive week.
Nifty oil and Gas gains for the 2nd day in a row.
Rupee Closes Sharply Lower Against US Dollar
Rupee weakened 49 paise to 86.09 against US dollar
It closed at 85.60 a dollar on Thursday
Source: Bloomberg
Dimond Power Gets Orders Worth Rs 117 Crore
Diamond Power received orders worth Rs 117 crore order for battery energy storage systems, Smart Metering and Highway Project, the exchange filing said.
Structurally, No Reason For Crude To Rally, HPCL's Former CMD Surana Says
The Israel-Iran conflict has added to uncertainty. Either this can settle or remain the same, or it can escalate further. Whenever such events take place, risk premiums increase, subsequently raising the freight and insurance costs. Which is why market participants are seeing a spike in crude oil prices, said M.K. Surana, former chairman and managing director, Hindustan Petroleum Corp said to NDTV Profit.
Structurally, there is no need for crude prices to rally above $80 per barrel as supplies are increasing from the Organization of Petroleum Exporting Countries and allies. Also, it is the summer season, when the demand naturally increases, Surana said.
Indian Oil, Asian Paints, IndiGo & More — Stocks Likely To Be Impacted
The escalating tensions between Israel and Iran could just put the Strait of Hormuz back in global spotlight and this time the biggest worry would be on the impact of supply chain issues for key crude oil producer countries.
The most immediate impact would be a sharp increase in crude oil prices. As per JPMorgan, oil prices can also spike to levels of $120 per barrel, driving the US CPI to 5%.
Find out which stocks will be impacted by this here.
