2 weeks ago

Sensex, Nifty Post Weekly Losses on Crude Surge, Iran Tensions

Sensex, Nifty Post Weekly Losses on Crude Surge, Iran Tensions
Nifty, Sensex post notable weekly losses as crude prices rise · thehansindia.com

People buy and sell small pieces of companies called shares, and a stock market is where this happens.

In India, the two most famous stock market groups are the Sensex and the Nifty.

They tell us how the country's biggest companies are doing.

Last week, these markets ended a little lower after two weeks of going up.

Prices came down partly because oil became more expensive, and India needs oil for many things.

There was also worry about problems in the Middle East, especially talk that the United States might stop ships near Iran.

When people are nervous about such things, they sometimes sell their shares, which makes prices fall.

Some good news, like strong company earnings and a steady rupee, helped a bit.

But these gains were not enough, and the week ended with losses.

Investors are now watching oil prices and world news to decide what to do next.

Key facts

Sensex Friday close
78,009.25, down 70.71 points (0.09%)
Nifty Friday close
24,366, down 29.85 points (0.12%)
Weekly change
Sensex -0.62%; Nifty -0.83%
Brent crude price
Around $87 per barrel
Weekly FPI purchases
Rs 3,187 crore
Weekly DII purchases
Rs 9,285 crore
Change in investors' wealth
Declined Rs 1.18 lakh crore
BSE-listed market capitalisation
Rs 492.16 lakh crore

Quotes

Ajit Mishra

SVP – Research, Religare Broking

“Markets remained range‑bound through the week amid elevated crude prices and persistent global uncertainty. While softer‑than‑expected US labour market data initially supported expectations of a patient Fed, the subsequent rebound in crude shifted focus back to inflation risks and evolving geopolitical developments.”
financialexpress.com
“Investor sentiment remained subdued as Brent crude hovered around the $87 per barrel mark amid concerns over potential disruptions to global energy supplies. The US threat of an indefinite naval blockade of Iran further heightened uncertainty surrounding the Middle East and crude shipments.”
financialexpress.com

Sources

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