Sensex halts decline around 74,732 as oil and geopolitical risks weigh
India’s BSE Sensex traded nearly flat at around 74,732 on Thursday, after falling to its lowest level in nearly three months. The market stayed under pressure from escalating Middle East tensions and Brent crude above $100 a barrel.
India’s BSE Sensex traded nearly flat on Thursday, to around 74,732, halting a recent decline after falling to its lowest level in nearly three months. The market remained under pressure from escalating Middle East tensions, with Brent crude holding above $100 a barrel, raising concerns over India’s import bill, inflation, economic growth and corporate margins. S. dollar on Wednesday despite intervention by the Reserve Bank of India.
4%) advancing as higher crude prices boosted the outlook for upstream producers. 92 crore order to supply 10,000 solar pumps, while Axis Bank, Bajaj Finserv and Larsen & Toubro were among the early Sensex gainers. Investors remained cautious ahead of US inflation data and the Federal Reserve’s September policy meeting.