Nifty Declines to Six‑Day Streak as Oil Prices Rise
· Business · Economic Times, Crude Oil Prices Today | OilPrice, LiveMint
The Nifty index fell 1.7% over the past week, closing 0.5% lower at 24,156 on Tuesday, extending its losing streak to six straight sessions. Analysts say Indian equities likely remain under pressure as Brent crude climbs above $90 per barrel and U.S.–Iran tensions persist. GIFT Nifty on NSE IX finished higher by 29.5 points, or 0.12%, at 24,210, indicating a muted start for Dalal Street tomorrow. India VIX rose 0.6%, settling at 11.39, signalling heightened market fear. Foreign and domestic institutional investors sold nearly Rs 1 lakh crore of stocks, while 8 major names resisted the sell‑off.
Why it matters
The continued rally in oil prices and market sell‑offs can drag the rupee lower, increase inflation pressure, and curb investor confidence in Indian equities, affecting portfolio returns and retail savings plans.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.