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Sensex falls 561 points as oil prices surge
The Hindu··15 Jul
BSE Sensex fell 561.46 points to 77,054.94 and Nifty dropped 158.95 points to 24,052.05 on July 14 as Brent crude surged 4.26 percent to $86.85 amid West Asia tensions. The rupee settled at 96.27 per dollar. HCL Tech, Bajaj Finserv, SBI and M&M were among major drags. FIIs offloaded Rs 3,062.27 crore in equities on July 13.
Prism
What It Means For You
- Investors face portfolio losses as oil and geopolitical risks rise.
- A weaker rupee increases costs of imported goods and fuel.
- Banking and auto sector stocks may remain volatile amid Hormuz tensions.
What's Happening
- Sensex fell 561 points and Nifty dropped 159 points on July 14.
- Brent crude surged 4.26 percent to $86.85 per barrel.
- The rupee settled at 96.27 against the US dollar.
Market Drivers
- West Asia flare-up drove the oil price surge.
- FIIs offloaded Rs 3,062.27 crore in equities on July 13.
- WPI inflation rose to 9.87 percent in June.
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