2 hrs ago
Stock Markets Fall for Second Day as Risks Weigh
India’s main stock markets fell for the second day in a row.
The Sensex lost more than 555 points.
The Nifty also went down by about 144 points.
Investors were worried because crude oil prices were rising.
They were also concerned about hostilities between the US and Iran.
When investors feel worried, they may sell shares.
Selling in ICICI Bank, HDFC Bank, and Reliance Industries added to the market decline.
The Sensex and Nifty both finished lower on Tuesday.
The Sensex fell 555.23 points, or 0.73%, to close at 75,577.58.
The Nifty declined 144.05 points, or 0.61%, to settle at 23,635.10.
Both benchmark indices recorded losses for a second consecutive day.
Rising crude oil prices and US-Iran hostilities weakened investor risk appetite.
Selling in ICICI Bank, HDFC Bank, and Reliance Industries dragged markets lower.
- Who
- The Sensex and Nifty, along with stocks including ICICI Bank, HDFC Bank, and Reliance Industries.
- What
- The Sensex and Nifty fell for a second consecutive day.
- Where
- The Bombay Stock Exchange and National Stock Exchange markets.
- When
- Tuesday.
- Why
- Rising crude oil prices, US-Iran hostilities, and selling in major blue-chip stocks reduced investor risk appetite.
Key facts
- Sensex close
- 75,577.58
- Sensex change
- Down 555.23 points, or 0.73%
- Sensex intraday low
- 75,553.35, after falling 579.46 points, or 0.76%
- Nifty close
- 23,635.10
- Nifty change
- Down 144.05 points, or 0.61%
- Market trend
- Losses extended for the second straight day
- Key pressures
- Rising crude oil prices, US-Iran hostilities, and selling in major blue-chip stocks
Sources
Related news
Indian Stocks Slide as Oil and Regional Tensions Persist
Sensex Sinks 493 Points, Nifty Ends Below 24,200
Why Indian Stock Markets Fell as Oil and Tensions Rose
Sensex, Nifty Plunge as West Asia Tensions Lift Oil Prices
Sensex, Nifty Slip As US-Iran Standoff Weighs On Markets
Rising Oil Prices Push Sensex, Nifty to Mid-June Lows
After Two Flat Years, Nifty Outlook Turns More Balanced
Sensex Slumps 555 Points as Nifty Dips Below 23,400
Why Manipal Banking Courses Target India’s BFSI Skill Gap
Macquarie Highlights ICICI Bank’s Productivity and Funding Strengths
