1 day ago
Sensex, Nifty Edge Lower Amid Crude and Global Concerns
Indian stock markets started Tuesday slightly lower.
The Sensex and Nifty are two important measures of how Indian shares are performing.
Investors were worried because oil prices rose and global markets were weak.
Renewed tensions between the United States and Iran raised concerns that oil supplies could be disrupted.
Higher returns on US government bonds may also encourage investors to move money away from India.
Foreign investors sold Indian shares worth Rs 13,025 crore over the previous two sessions.
Some sectors, including FMCG, metals, media and automobiles, still gained.
Experts said India’s economic growth could help the market remain supported despite these short-term worries.
Sensex fell 121 points, or 0.15 per cent, to an intraday low of 76,835 in early trade.
Nifty declined 52.60 points, or 0.21 per cent, to 24,027.80.
FMCG, metal, media and auto stocks gained, while realty, financial services, healthcare and pharma stocks weakened.
Rising crude prices, geopolitical tensions, high US bond yields and foreign investor selling pressured domestic equities.
Experts said strong Indian economic fundamentals could support markets, with Nifty expected to remain in the 23,000-25,000 range near term.
- Who
- Indian equity benchmarks, domestic investors, foreign institutional investors and market experts were involved.
- What
- The Sensex and Nifty edged lower in early trade as global concerns, higher crude prices and bond yields weighed on sentiment.
- Where
- Indian stock markets, with trading reported from Mumbai.
- When
- Tuesday, in early trade; foreign institutional investors had sold Rs 13,025 crore over the previous two sessions.
- Why
- Asian markets were under pressure amid geopolitical concerns and higher US bond yields, while crude prices rose on renewed US-Iran tensions and possible Middle East supply disruptions.
Resilience View
Risk View
Indian economic fundamentals
Resilience View
Experts said strong fundamentals, including 7.8 per cent first-quarter GDP growth, could keep equities resilient and support around 7 per cent growth in FY27.
Risk View
Global volatility and pressure from foreign investor selling could limit gains despite India’s economic growth.
Market direction
Resilience View
Domestic fundamentals may provide support, with the Nifty expected to remain within the 23,000-25,000 range in the near term.
Risk View
Analysts said failure to sustain the 24,000-24,060 region could open the way toward 23,575, while reclaiming 24,150-24,215 is important for strength.
Global risks
Resilience View
The market’s sectoral gains in FMCG, metals, media, automobiles and IT showed that some areas remained resilient.
Risk View
Higher crude prices, renewed US-Iran tensions, possible Middle East supply disruptions and elevated US bond yields increased risk-off pressure.
Key facts
- Sensex
- Reached an intraday low of 76,835, down 121 points or 0.15 per cent.
- Nifty
- Stood at 24,027.80, down 52.60 points or 0.21 per cent.
- Top gaining sectors
- FMCG rose 0.76 per cent, metal 0.63 per cent, media 0.61 per cent and auto 0.28 per cent.
- Weakest sectors
- Realty fell 1.67 per cent; mid-small financial services, healthcare and pharma also declined.
- Economic growth
- Experts cited 7.8 per cent first-quarter GDP growth and forecast around 7 per cent growth in FY27.
- US bond yields
- The US 10-year Treasury yield was 4.77 per cent and the 30-year yield was 5.24 per cent.
- Near-term Nifty range
- Experts expect the index to remain between 23,000 and 25,000.
Sources
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