Indian stock markets experienced a significant downturn on Friday. The decline was driven by geopolitical tensions between the US and Iran along with a weakening rupee.
Widespread selling hit financial stocks particularly hard during the session. Auto and energy sectors also posted major losses as investors reacted to the developments.
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Indian equity benchmarks Sensex and Nifty posted their strongest single-day gains in years on Wednesday, driven by a US-Iran ceasefire that eased oil prices and inflation fears. The market capitalization of BSE-listed companies rose by ₹16.1 lakh crore. However, Asian stocks turned cautious as the ceasefire showed signs of fragility.
Dalal Street saw a notable decline with the Indian rupee hitting a record low for the second consecutive day. Key equity indices posted their largest single-day drop in six weeks.
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Indian stock markets recorded their steepest single-day decline in nearly a month. The drop followed a worldwide selloff in technology shares and concerns over possible US interest rate moves.
Benchmark indices Nifty and Sensex climbed over 0.9% and 1% respectively on Tuesday, amid short covering in anticipation of US-Iran peace talks following the recent ceasefire. Foreign institutional investor selling also eased, supporting the rebound.
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Global stocks reached record highs after President Trump indicated progress in Iran negotiations. The news eased geopolitical tensions, boosting technology shares in South Korea. Brent crude oil prices fell amid the positive market sentiment.
Ausländische Portfolioinvestoren haben im März rekordverdächtige 1,18 Billionen Rupien abgezogen, was den Sensex am Montag um 2,22 % auf 71.947,55 Punkte und den Nifty um 2,14 % auf 22.331,40 Punkte drückte. Die Rupie durchbrach im Tagesverlauf die Marke von 95, bevor sie bei 94,83 gegenüber dem Dollar schloss. Die aufgrund des Konflikts in Westasien auf über 100 US-Dollar pro Barrel gestiegenen Rohölpreise erhöhten den Druck zusätzlich.
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Foreign portfolio investors have reduced cash market selling in Indian stocks but continue to show caution through derivatives positions. The moves come amid a modest gain in the Nifty index.