2 weeks ago

Indian Stocks Fall Third Straight Session on Middle East Tensions

Indian Stocks Fall Third Straight Session on Middle East Tensions
Top Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers · livemint.com

On Thursday, the Indian stock market had a tough day.

Its two main scoreboards, called Nifty and Sensex, fell a little.

This was the third day in a row they lost value.

One big reason is that talks to end a war in the Middle East have stalled, which keeps crude oil prices high.

Since India buys about 85% of its oil from other countries, expensive oil worries people.

Companies that make metal lost the most money, while makers of chemicals and household goods did better.

Some companies were happy because they reported better results than expected.

Astral and Solar Industries rose sharply, and Tata Motors also gained.

Stock markets go up and down every day as investors decide what they think a company is worth.

Key facts

Nifty
24,353, down 0.34%
Sensex
77,861, down 0.13%
Losing streak
Third consecutive session
Top sectoral losers
Metal, cement, financials, auto
Top sectoral gainers
Chemicals, FMCG, medical, consumer durables
Biggest metal stock loser
NALCO, down 4.6% to ₹400
Top Q1-driven gainers
Astral up 8.7%; Solar Industries up 8.5%
Tata Motors
Up 4% on higher-than-expected June quarter margins

Sources

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