On Friday, Nifty closed the week with a fall of 2.09%, marking its fifth straight weekly loss. Brent crude moved past $109 a barrel with tensions elevated in the Middle East, weighing on market mood. The Sensex plunged 1,734 points to close at 74,781. Investors fretted over expensive oil and global interest rates. Those concerns pressured local stocks. Nifty dropped under a key support level. Analysts cautioned there could be more pain ahead. The latest drop extended a rough spell for Indian stocks. Reuters noted the decline. High oil costs and rate worries continue to weigh on the market. Traders expect no quick relief.
Sources & References
-
Sensex Plunges 1,734 Points to 74,781 as Brent Tops $109, Nifty Falls 2.09% in Fifth Straight Weekly Loss - HDFC Sky
Sensex Plunges 1,734 Points to 74,781 as Brent Tops $109, Nifty Falls 2.09% in Fifth Straight Weekly Loss HDFC Sky
-
Nifty 50 in danger zone? Here's where the index could head next - Check key levels - tradingview.com
Nifty 50 in danger zone? Here's where the index could head next - Check key levels tradingview.com
-
Sensex, Nifty Fall As Middle East Tensions, Elevated Crude Weigh - BW Businessworld
Sensex, Nifty Fall As Middle East Tensions, Elevated Crude Weigh BW Businessworld
-
F&O Talk: Nifty has slipped below its crucial support, says Sudeep Shah; picks 5 stocks for next week - economictimes.com
F&O Talk: Nifty has slipped below its crucial support, says Sudeep Shah; picks 5 stocks for next week economictimes.com
-
Nifty, Sensex dip nearly 2 pc this week over oil prices, global interest rates - DT Next
Nifty, Sensex dip nearly 2 pc this week over oil prices, global interest rates DT Next