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Sensex opens lower as Brent crude nears ninety five
NDTV··23 Jul
Indian equity benchmarks opened lower on July 23 as Sensex fell about 300 points and Nifty dropped 100 points amid Brent crude near $95 during the US-Iran war. Nifty closed at 23,996.25 on Wednesday after a 191-point fall. GIFT Nifty indicated a weak opening. Analysts flagged crude above $97 and rupee near Rs 96.68 as key monitors.
Prism
What It Means For You
- Weak market open affects portfolio values and mutual fund NAVs.
- Crude near $95 raises concerns over inflation and import costs.
- Weekly expiry may bring sharp intraday swings for traders.
What's Happening
- Sensex fell about 300 points at open on July 23.
- Nifty dropped 100 points amid Brent crude near $95.
- GIFT Nifty indicated a weak opening for domestic equities.
Geopolitical Market Pressure
- Nifty settled at 23,996.25 after three consecutive declining sessions.
- US-Iran war and Hormuz disruptions are driving crude higher.
- Analysts flagged Rs 96.68 rupee level as a key monitor.
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