Indian Stock Market Expected to Open Lower Amid Rising Crude Oil Prices
Sensex, Nifty 50 | Stock Market LIVE Updates: Gift Nifty signals weak start for Indian market; Infosys, BEL in focus
Mint
Image: Mint
The Indian stock market is set for a weak opening on Thursday, with the Nifty 50 and Sensex likely to decline due to escalating crude oil prices following geopolitical tensions in the Strait of Hormuz. The Gift Nifty indicates a drop of approximately 177 points from the previous close.
- 01Indian stock market expected to open lower due to weak sentiment.
- 02Gift Nifty signals a decline of nearly 177 points.
- 03Crude oil prices surged, with Brent crude surpassing $102 per barrel.
- 04Geopolitical tensions in the Strait of Hormuz are a key factor.
- 05Asian markets showed positive trends, contrasting with Indian market expectations.
Advertisement
In-Article Ad
The Indian stock market is anticipated to open lower on Thursday, influenced by weak sentiment stemming from rising crude oil prices. The Gift Nifty is trading around 24,204, reflecting a discount of nearly 177 points compared to the previous close of Nifty futures. This decline is attributed to geopolitical tensions in the Strait of Hormuz, where Iran recently fired on three ships and seized two, escalating concerns over shipping security. As a result, crude oil prices have surged, with Brent crude exceeding $102 per barrel and US West Texas Intermediate (WTI) crude futures hovering around $93. In contrast, Asian markets have shown positive performance, with the Nikkei and Kospi reaching record highs, and US markets also rallied overnight, pushing the S&P and Nasdaq to record closings.
Advertisement
In-Article Ad
The anticipated decline in the stock market may affect investor sentiment and lead to potential losses for traders and investors in Indian equities.
Advertisement
In-Article Ad
Reader Poll
How do you think rising crude oil prices will affect the Indian stock market?
Connecting to poll...
Read the original article
Visit the source for the complete story.




