On Monday, heavy selling pressure was witnessed in domestic markets. The Sensex fell 1,048 points to close at 80,238. The Nifty declined 312 points and settled at 24,865. Investor concerns over rising tensions in West Asia affected sentiment. Midcap and smallcap indices also ended lower in line with benchmarks.

Most sectoral indices traded in negative territory. Auto, consumer durables, oil and gas, and PSU banks recorded notable losses. Only metal and pharma stocks showed marginal gains. Analysts stated that Nifty support is seen at 24,600, while resistance stands at 25,000.

Global markets showed mixed trends. Oil prices surged after reports that Iran closed the Strait of Hormuz. Asian indices declined, while US markets ended mostly higher. FIIs sold equities worth Rs 3,296 crore, whereas DIIs bought shares worth Rs 8,594 crore.

The post Markets Shut for Holi Amid Global Oil Shock appeared first on India Podcast.

The 30-share BSE Sensex rose 136.63 points (0.17%) to close at 81,926.75 after a highly volatile session. During intraday trade, it climbed 519.44 points (0.63%) to hit 82,309.56. Similarly, the 50-share NSE Nifty added 30.65 points (0.12%) to finish at 25,108.30.

Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, HDFC Bank, Bajaj Finance, Tata Steel, and ICICI Bank emerged as top gainers. In contrast, Axis Bank, Tata Motors, Trent, and Infosys saw mild declines due to profit booking.

Market experts said investor confidence stayed firm as domestic institutional investors (DIIs) increased their exposure. According to exchange data, DIIs bought ₹5,036.39 crore worth of equities on Monday, while Foreign Institutional Investors (FIIs) sold ₹313.77 crore.

Global cues also supported the rally. Japan’s Nikkei 225 ended higher, while markets in China and South Korea were closed for holidays. European markets traded mixed, and U.S. indices finished mostly positive. Meanwhile, Brent crude slipped 0.15% to $65.37 per barrel, easing inflation worries.

On Monday, the Sensex had jumped 582.95 points (0.72%) to 81,790.12, and the Nifty had surged 183.40 points (0.74%) to 25,077.65.

Overall, the stock markets advanced for the fourth day as strong banking performance, steady DII inflows, and positive global sentiment pushed benchmark indices higher.

The post Stock Markets Advance Fourth Day on HDFC Bank, ICICI Bank Buying appeared first on India Podcast.

India currently imports around 1.5 million barrels per day, with Russian supplies reducing costs, according to Emkay Wealth Management. The report noted that future price movements will depend on US sanctions and tariff policies. China is also increasing its Russian oil imports to meet domestic demand.

With India and China sourcing heavily from Russia, oil prices are expected to stay range-bound, benefiting importing nations. Lower energy costs are vital for India to curb inflation and stabilise the economy. Analysts highlighted that India’s strategy balances geopolitical shifts and domestic priorities.

US Energy Secretary Chris Wright praised India as an “awesome ally” with growing energy demand. He emphasized stronger India-US energy cooperation, while Commerce Minister Piyush Goyal also called for expanding bilateral energy trade. Both leaders highlighted the mutual benefits of a robust partnership in energy.

The post Brent Crude Steady Amid India’s Oil Strategy appeared first on India Podcast.

Analysts said the rupee rises 14 paise to 87.95 against dollar mainly on the back of strong domestic equities. However, pressure remains from concerns over U.S. tariffs on India and global market uncertainty. Traders also noted the possibility of Reserve Bank of India intervention to curb volatility after the rupee touched record lows last week.

On September 5, the currency had dropped to an intraday low of 88.38 before closing at 88.09. It recorded its lowest closing level of 88.15 on September 2.

Globally, the dollar index eased to 97.40 as U.S. economic data signaled a potential rate cut by the Federal Reserve. Meanwhile, Brent crude traded at $66.37 per barrel, up 0.53%.

In equities, Sensex surged 366.87 points to 81,154.17, while Nifty rose 101.35 points to 24,874.50. Despite the rebound, experts warn that trade tensions and tariff disputes may continue to cap gains for the domestic currency.

The post Rupee Rises 14 Paise to 87.95 Against Dollar appeared first on India Podcast.