Sensex and Nifty Today Live Updates: The stock market rebounded today and opened higher as investors continued to closely monitor BSE and NSE after Monday’s sharp sell-off, with benchmark indices Sensex and Nifty witnessing sharp declines amid rising crude oil prices and escalating tensions in West Asia.
The Sensex opened the day at 78,192.35, 626 points or 0.81 per cent higher than the previous session’s closing number. Meanwhile, the Nifty 50 index was trading at 24,191.75, up over 163 points at the open today.
The rebound in Indian stocks comes as US President Donald Trump hinted that the war in Iran may end soon, dragging oil prices off three-year highs as well as fears of a long-term supply shock, Reuters reported.
Stylish Sensex today | Most important updates
-Sensex, Nifty Today: Sensex opened today at 78,192.35, which is 626 points or 0.81 per cent higher than the previous session’s closing number. Meanwhile, the Nifty 50 index was trading at 24,191.75, up over 163 points at the open today.
-Sensex today in pre-opening phase: The BSE Sensex was trading at 78,376.15, up 809.99 points or 1.04 per cent, in the pre-opening session on Tuesday. Meanwhile, the Nifty 50 index was trading at 24,280.80, up 252.75 points or 1.05 per cent at 9:10 am, the pre-opening period.
-USD to INR today: The Indian rupee rose 0.44 percent to US$91.9250. The previous close was 92.3275.
-Stock market crash on March 9: Benchmark equity indices Sensex (BSE) and Nifty (NSE) fell nearly 2 per cent on Monday, as sharp rise in crude oil prices and weak global signals, triggered by deteriorating situation in West Asia, led to heavy sell-off in the stock market. The situation in West Asia concerns the ongoing military conflict between Iran and its allies, the United States and Israel that erupted after the latter’s strikes on the Islamic State on February 28 that resulted in the killing of Supreme Leader Ayatollah Ali Khamenei.
Sensex on Monday: Traders said market sentiment was further affected by continued foreign fund outflows and weakness of the rupee against the US dollar. The 30-share BSE Sensex fell 1,352.74 points, or 1.71 per cent, to close at 77,566.16 points, recording losses for the second day in a row, according to data contained in a PTI report. The index fell during today’s trading by 2,494.35 points, or 3.16 percent, to 76,424.55 points. On the Bahrain Stock Exchange, the prices of 3,379 shares declined, while the prices of 972 shares rose, and 185 shares remained unchanged.
–Stylish Monday: Likewise, the 50-share NSE Nifty fell 422.40 points, or 1.73 per cent, to close at 24,028.05 points. It fell during the session by 752.65 points, or 3.07 percent, to 23,697.80 points. Gift Nifty futures were at 24,393.50 at 08:11 am on Tuesday, suggesting that the Nifty 50 will open above Monday’s close of 24,028.05.
-Brent crude today: After hitting its highest level in more than three years on Monday, Brent crude futures fell $6.51, or 6.6 percent, to $92.45 a barrel, and US West Texas Intermediate crude fell $6.12, or 6.5 percent, to $88.65 on Tuesday morning. Prices had surpassed $100 a barrel on Monday, touching their highest levels in mid-2022, as supply cuts led by Saudi Arabia and the growing US-Israeli war with Iran raised fears of major disruptions to global supplies.
-What is Brent crude? Brent crude is a type of oil that comes from the depths of the sea near a place called the North Sea – between the United Kingdom and Norway. However, the US-Israeli attack on Iran affects Brent crude prices mainly because it threatens global oil supplies and shipping routes – primarily, the Strait of Hormuz. Brent crude can be viewed as a special “reference oil” that people use to determine the cost of oil around the world. When countries and companies buy or sell oil to make things like gasoline, diesel or plastics, they often look to the price of Brent crude to help determine their own prices.
