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The conflict in West Asia intensified with Iran continuing to pound several Gulf countries in retaliation for the joint attack against it by Israel and the US. The US and Israel have also carried out fresh strikes on Iran.
Photograph: Shailesh Andrade/Reuters
Sensex and Nifty50 Performance: Key Market Highlights Today
- NSE Nifty tanked 530.85 points or 2.13 per cent to 24,334.85.
- Brent crude climbed 0.87 per cent to $82.11 per barrel.
- Asian markets were trading sharply lower.
Benchmark stock indices Sensex and Nifty dived more than 1 per cent on Wednesday in tandem with a weak trend in Asian markets as the conflict in West Asia intensified, driving oil prices higher.
Falling for the fourth straight session, the 30-share BSE Sensex tumbled 1,122.66 points or 1.40 per cent to settle at 79,116.19.
During the day, it crashed 1,795.65 points or 2.23 per cent to 78,443.20 but recovered some of the losses in the second half of the session.
The 50-share NSE Nifty dived 385.20 points or 1.55 per cent to end at 24,480.50, marking its third straight session of losses and logging the lowest closing level in the past six months.
During the day, it dropped 560.3 points or 2.25 per cent to 24,305.40.
Sector Winners and Losers on Dalal Street
From the Sensex pack, Tata Steel tanked 6.76 per cent, followed by Larsen & Toubro (4.53 per cent). Bajaj Finance, UltraTech Cement, NTPC, InterGlobe Aviation, Bajaj Finserv and Kotak Mahindra Bank were also among the laggards.
Bharti Airtel, Infosys and Tech Mahindra were the gainers.
Brent crude, the global oil benchmark, climbed 0.87 per cent to $82.11 per barrel.
Asian markets were trading sharply lower. South Korea’s Kospi tumbled over 10 per cent. Japan’s Nikkei 225, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were also quoting significantly lower.
The conflict in West Asia intensified with Iran continuing to pound several Gulf countries in retaliation for the joint attack against it by Israel and the US.
The US and Israel have also carried out fresh strikes on Iran.
Brent crude, the global oil benchmark, jumped 3.08 per cent to $83.91 per barrel.
Asian markets ended with deep cuts. South Korea’s Kospi tumbled 12 per cent. Japan’s Nikkei 225, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also ended significantly lower.
The conflict in West Asia intensified with Iran continuing to pound several Gulf countries in retaliation for the joint attack against it by Israel and the US.
The US and Israel have also carried out fresh strikes on Iran.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,295.64 crore on Monday, according to exchange data.
Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 8,593.87 crore.
