Stock Market Live: Sensex, Nifty makes gap down start on global cues
Stock Market Today Live Updates: Benchmark indices are off day’s lows after opening in red territory.
Indian equity indices made a muted start on the first trading session of the week in line with global cues. BSE Sensex opened 929.74 points, or 1.24 per cent lower at 73315.20 while Nifty inched 180.40, or 0.80 per cent at 22,339.00.
During the session, PSU banks remain under pressure with stocks of key companies falling up to 5 per cent.
International crude oil prices remained elevated above $90 a barrel as market participants dialled back risk premiums following Iran’s attack on Israel last weekend following the alleged Israeli action on the Iranian embassy in Syria. Despite warning from the US and allies, Tehran has filed a swarm of drones and barrage of missiles to avenge the killing of its elite IRGC personnel.
Brent futures for June delivery fell 17 cents, or 0.19 per cent, to $90.28 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 29 cents, or 0.30 per cent, at $85.41 a barrel by 9:30 am.
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The rupee declined 6 paise to trade at Rs 83.44 against the US dollar tracking negative equity markets and withdrawal of foreign funds. Forex traders said, as per PTI, that a strong American currency in the overseas market and curde oil prices hovering above $90 per barrel also dented investor sentiments.
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First uploaded on: 15-04-2024 at 09:25 IST
