2 weeks ago
Sensex, Nifty Post Weekly Losses on Crude Surge, Iran Tensions
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.
India's benchmarks fell about 0.51% intraday on Friday before recovering, with the Sensex closing at 78,009.25 (down 0.09%) and the Nifty at 24,366 (down 0.12%).
The Sensex and Nifty lost 0.62% and 0.83% for the week, snapping their two-week winning streak.
Sentiment was dampened by crude oil prices hovering near $87 per barrel and the US threat of an indefinite naval blockade of Iran, analysts said.
Consumer durables (+1.30%) and realty (+1.09%) were the only weekly sectoral gainers, while metals, FMCG, autos, healthcare and financial services led losses.
TCS fell 3.86% to be the top Sensex loser, while Titan Company, BEL, Bharti Airtel, Bajaj Finserv and HCL Technologies were the top gainers.
- Who
- Investors in Indian equity markets; analysts cited include Vinod Nair of Geojit Investments and Ajit Mishra of Religare Broking.
- What
- The Sensex and Nifty posted weekly losses, snapping a two-week winning streak, amid elevated crude prices and geopolitical tensions.
- Where
- Indian equity markets (the Sensex and Nifty benchmarks); reports were filed from Mumbai.
- When
- The trading week ending Friday, with both indices declining in the Friday session.
- Why
- A surge in crude oil prices, with Brent near $87 per barrel, and Middle East tensions including the reported US threat of a naval blockade of Iran dampened investor sentiment.
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











