Now Reading: Sensex gains 114 pts, Nifty falls third day on crude worries
-
01
Sensex gains 114 pts, Nifty falls third day on crude worries
Indian indices ended mixed on Thursday. The BSE Sensex rose 113.61 points to 78,079.96, while the NSE Nifty fell 40.10 points to 24,395.85, its third consecutive decline, reports rediff.com. Elevated Brent crude…
The Story in Brief
Indian indices ended mixed on Thursday. The BSE Sensex rose 113.61 points to 78,079.96, while the NSE Nifty fell 40.10 points to 24,395.85, its third consecutive decline, reports rediff.com. Elevated Brent crude at $87.70 a barrel and Middle East tensions kept investors cautious. Foreign institutional investors offloaded Rs 1,002.50 crore in equities, exchange data showed.
India's retail inflation accelerated to 4.45% in July, livemint.com notes, adding pressure. Reliance Industries fell 1.1% after MSCI cut its index weight. Analysts recommend buying Hindustan Copper and Bank of Maharashtra for short-term gains, though such calls carry risk.
The Indian Opinion
The narrative of 'resilience despite headwinds' is wearing thin. Markets are down three days running, yet analysts push buy-on-dips stories with stock tips. That may suit brokers, but not savers watching their portfolios dip with every crude spike. The real test is simple: will the Nifty hold 24,300, or will foreign selling and sticky inflation break that floor?
Sources (2): livemint.com, rediff.com
This story was synthesised by AI from the 2 sources linked above.
