Rupee snaps eight-day run, crude tops $112 as Nifty falls for third straight day
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty fell for a third straight day on Thursday as the rupee snapped its eight-day run and crude topped $112.
- ✓Equities closed lower as fresh West Asia tensions pushed oil prices up.
- ✓"Continued US-Iran tensions and uncertainty across West Asia are keeping crude prices elevated," said Jateen Trivedi.
Story at a Glance
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- MARKET
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Sensex closed at 73,249.39, down 460.30 (intraday low 73,005.11). Nifty 50 at 22,687.65, down 123.70, forming a doji and signaling indecision
Equities closed lower for a third consecutive session on Thursday, dragged down by a fresh surge in crude oil prices after Houthi rebels attacked a Saudi Aramco oilfield, snapping what had briefly looked like a stabilising market. Adding to the pressure, leveraged bets on Indian stocks are on course for their first monthly decline since March, with margin-funded positions falling to ₹1.56 trillion from a record ₹1.6 trillion in September, as small- and mid-cap stocks, which make up 46 per cent of the total leverage book, continued to unwind.
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