On Friday, Nifty closed the week with a fall of 2.09%, signaling its fifth straight weekly loss. Brent crude climbed above $109 a barrel over ongoing tensions in the Middle East, clouding risk appetite. The Sensex tumbled 1,734 points to close at 74,781. Investors stayed anxious about expensive oil and global interest rates. Those concerns weighed heavily on share prices. Nifty slipped below a key support level. Analysts said there could be more pain ahead. The latest drop added to a rough spell for Indian stocks. Reuters noted the decline. High oil costs and rate worries remain over the market. Traders see no quick relief.
Sources & References
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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
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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
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Sensex, Nifty Fall As Middle East Tensions, Elevated Crude Weigh - BW Businessworld
Sensex, Nifty Fall As Middle East Tensions, Elevated Crude Weigh BW Businessworld
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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
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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