Latest Stock Market News

Oil jumps about 2% on Middle East supply fears

Updated at : 2024-10-03 19:20:01

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Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains.

The benchmark Sensex has decreased by about 2% from its 52-week high, and the BSE Smallcap index has fallen by 0.50%. However, a closer inspection of smallcap stocks shows that nine have plummeted over 50% from their individual 52-week high

A bearish candle suggests further market weakness. Traders should "sell on rise" and only buy above 26,000. Key levels to watch are support at 25,000 and 24,750, and resistance at 25,500. Breaking below support could trigger more declines, while hitting resistance may limit any upward movement, according to Hardik Matalia of Choice Broking.

The domestic currency fell to an intraday low of 83.97 during the session, just shy of its record low of 83.9850, hit last month.

Indian stock market witnessed a selloff, with 2,864 stocks declining. Hindustan Petroleum was the biggest loser, falling 7%. Other notable decliners included Godrej Industries, JM Financial, CarTrade, Dabur India, DLF and Suzlon Energy.

Gold, silver rebound on strong festive demand

Updated at : 2024-10-03 17:35:02

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Gold and Silver prices rebounded on Thursday due to fresh demand from stockists and retail consumers for the ongoing festival. The precious metal rose Rs 200 to revisit the all-time high level of Rs 78,300 per 10 grams, according to the All India Sarafa Association.

Indian market closed lower for the fourth consecutive day. Sensex fell over 1,700 points, and Nifty50 closed below 25,300. Selling was seen in oil & gas, auto, capital goods, and realty stocks. BSE, Deepak Fertilizers, and JSW Steel hit fresh record highs.

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Indian indices plunged amid global market sell-off due to Middle East tensions. BSE Sensex fell over 1,800 points, and Nifty50 fell over 500 points. However, some stocks like ITD Cementation, Infibeam Avenues, Sarda Energy and Minerals, Petronet LNG, Angel One, and Jubilant Ingrevia were trading in the green.

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The benchmark Sensex has decreased by about 2% from its 52-week high, and the BSE Smallcap index has fallen by 0.50%. However, a closer inspection of smallcap stocks shows that nine have plummeted over 50% from their individual 52-week high

Nifty50 and Sensex dropped over 2% amid escalating Middle East tensions, with significant declines in multiple stocks today.

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