3 weeks ago

Sensex, Nifty fall on crude prices and Tata stock sell-off

Sensex, Nifty fall on crude prices and Tata stock sell-off
Sensex, Nifty end down amid rising crude price; Tata Group stock under pressure · rediff.com

People buy and sell small pieces of companies called shares in places called stock markets.

India has two famous stock markets called the Sensex and the Nifty.

On Wednesday, both markets fell for the second day in a row, which means share prices went down.

One reason was that oil became expensive, and high oil prices make businesses and investors worried.

Another reason was the leader of the Tata companies, Mr. N Chandrasekaran, said he will not ask to stay as chairman after his term ends in 2027.

When a big company leader says they are leaving, some investors get nervous and sell shares of those companies.

TCS, the biggest Tata company in the Sensex, lost the most value, dropping almost four percent.

Investors were also waiting for important price news from India and the United States.

Even though Indian markets fell, many other markets in Asia and Europe did fine, which shows markets move up and down all the time.

Key facts

Sensex close (change)
77,966.35 (-187.90 points, -0.24%)
Nifty close (change)
24,435.95 (-35.75 points, -0.15%)
Biggest laggard
TCS, down 3.71%
Brent crude
$88.76 per barrel, down 0.17% after retesting $90
Chandrasekaran term ends
February 20, 2027
FII net purchase (Tuesday)
Rs 258.55 crore
South Korea's KOSPI
Up 3.68%

Sources

Related news