Nifty falls 226 points minutes after opening
The Nifty 50 fell 226.55 points, or 0.94 per cent, to 23,829.90 by 9:27 am on Wednesday. The index had opened at 23,858, down nearly 198 points from its previous close of 24,055.80, before extending losses in early trade.
Nifty opens 198 points lower at 23,858
The Nifty 50 opened at 23,858, down 197.80 points from its previous close of 24,055.80. The index remained under pressure after opening, with the decline widening as selling intensified.
Sensex falls 700 points minutes after opening
The BSE Sensex fell more than 700 points within minutes of Wednesday’s opening, extending losses from the opening level of 76,471.32. The index was trading at 76,225.80 at 9:25 am, down 718.48 points or 0.93 per cent from its previous close.
Sensex opens 473 points lower at 76,471
The BSE Sensex opened at 76,471.32, down 472.96 points from its previous close of 76,944.28. The index continued to weaken after opening, falling over 700 points within minutes amid broad-based selling.
Indian shares set to fall as Iran conflict pushes oil prices higher
Equity markets are set to open lower, tracking a global selloff as renewed US-Iran fighting pushed Brent crude near $97 a barrel. Higher oil prices are raising concerns over inflation and global interest rates, which could weigh on emerging markets. GIFT Nifty pointed to a weak start for the Nifty 50. Investors will also track stocks including Gland Pharma, Coal India, EMS and Ujjivan Small Finance Bank.
Global bond selloff deepens as inflation fears rise on higher oil prices
Global bond markets extended their sharp selloff as the Middle East conflict pushed oil prices higher, fuelling inflation fears and raising government borrowing costs. The US 10-year Treasury yield climbed to 4.81%, near a three-year high, while Japan’s 10-year yield stayed above 3%, a 30-year high. Australian yields also hit a 15-year high. Rising yields weighed on stocks as investors also focused on mounting government debt and expectations of higher interest rates.
Australian shares fall over 1% after GDP data; NZ stocks rise as RBNZ hikes rates
Australian shares fell more than 1% after second-quarter GDP growth slowed, while expectations of another RBA rate hike remained firm. The ASX 200 was down 1.1% and on track for its worst session in nearly three months. Mining stocks fell 3.8%, while gold stocks dropped nearly 5%. In New Zealand, the benchmark index rose 0.2% after the central bank raised rates by 25 basis points to 2.75%, signalling further gradual tightening.
Asian markets tumble as US-Iran fighting pushes up oil, bond yields
Asian stocks tumbled on Wednesday as renewed US-Iran fighting drove oil prices higher and intensified a global bond selloff. MSCI’s Asia-Pacific index fell 1.5%, while South Korea’s KOSPI dropped over 3% and Japan’s Nikkei lost 2.6%. Brent crude rose 1.3% to $95.91 a barrel. US Treasury yields also climbed, weighing on equities and raising concerns about inflation and interest rates. Wall Street had also ended lower, with the S&P 500 down 0.7% and Nasdaq 1%.
South Korean shares fall over 3% as Iran war escalates
South Korean shares fell more than 3 per cent as the escalating US-Iran conflict pushed up oil prices and bond yields, raising concerns over the economic outlook. The KOSPI dropped 3.13%, with Samsung Electronics, SK Hynix and LG Energy Solution among the major decliners. Foreign investors were net sellers of 890.2 billion won ($649.8 million) in shares. The Korean won strengthened 0.35% against the dollar, while three- and 10-year government bond yields rose.
Indian shares are set to open lower on Wednesday as renewed US-Iran fighting pushes oil prices higher and raises inflation concerns. Asian markets also tumbled, with South Korea’s KOSPI falling over 3% and Japan’s Nikkei down 2.6%. Global bond yields climbed sharply, while US stocks ended lower overnight. Brent crude rose near $97 a barrel, adding to worries that prolonged energy disruptions could keep inflation elevated and delay interest-rate cuts.
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