Sensex today | Stock Market Highlights: Sensex down 555 pts, Nifty ends at 23,635 as crude oil nears $100
Sensex, Nifty, Share Prices Highlights: Indian shares extended losses on Tuesday as oil surged toward $100 a barrel on escalating Middle East tensions, while elevated volatility deepened declines in the Nifty during the closing auction for the weekly expiry of derivative contracts.
Today, the Sensex closed 555 points lower at 75,578, while the Nifty 50 slipped 144 points to 23,635. This decline follows the launch of the closing auction session (CAS) mechanism, which has added volatility to weekly and monthly derivatives expiry days. Brent crude oil prices increased 1.4% to $98.4 a barrel after Yemen's Houthi forces attacked Saudi energy facilities.
Eight of the 16 major domestic sectors reported losses, with financials and private banks suffering the most. The rupee weakened to 94.8175 per dollar, a 0.35% drop from its previous close. Shriram General Insurance (SGI) announced a strategic corporate agency partnership with SK Finance Limited, a leading NBFC, to expand insurance solutions and reach more customers. Tata Consultancy Services secured a ₹122.6 crore contract to implement the next phase of the Odisha State Workflow Automation System (OSWAS 3.0).
Broader markets outperformed equity benchmarks, with defense and media stocks leading the gainers. Pranav Constructions' ₹351-crore IPO saw strong demand, with 15.50 times subscription by non-institutional investors. Alkem Laboratories launched Renocia Exo, a new hair regeneration therapy. Top gainers included BEL, ONGC, HUL, Adani Ports, and Eicher Motors, while ICICI Bank, Axis Bank, SBI Life, Reliance, and UltraTech led the losers.
HDFC Securities' global investing platform crossed 30,000 active investors and $250 million in AUM, reflecting growing interest in international diversification. Symphony shares rose 7%, while Shriram General Insurance partnered with SK Finance to expand insurance access. Chalet Hotels acquired Lakeview Mercantile Company Pvt Ltd, and Torrent Green Energy commissioned a 322 MWp solar project in Maharashtra.
Jupiter Wagons secured a ₹97.66 crore wagon purchase agreement with GATX India Private Ltd. OmniScience Capital sees a long-term upside for India's financial services, power, and housing finance sectors due to increasing foreign portfolio investor allocations.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- ‘High crude prices spook foreign players’: Nifty, Sensex hit 3-month low amid IPO boom indianexpress.com
- Crude shock sends Nifty to three-month low; Rupee slips thehindubusinessline.com
- Indian shares slide as oil nears $100; Nifty turns volatile during closing auction brecorder.com
