Business
Archived — This article has been archived. The information may be outdated.
Sensex falls for a fifth straight session
The Hindu··24 Jul
Sensex fell over 330 points, down 0.43 percent, to close at 76,059.77 on July 24, extending losses to a fifth straight session. Nifty dropped 102 points to 23,767.45. Brent crude eased to 96.98 dollars a barrel after touching 100 dollars in the previous session amid West Asia tensions and US tariff concerns.
Prism
What It Means For You
- Investors and mutual fund holders are seeing portfolio values dip for a fifth consecutive trading session.
- Rising oil prices could eventually push up fuel and transport costs for consumers if the trend holds.
- IT sector investors should note Infosys' guidance cut as a signal of broader software demand caution.
What's Happening
- Sensex fell 331.62 points and Nifty dropped 102.15 points on July 24, extending losses to a fifth day.
- Brent crude eased slightly to 96.98 dollars a barrel after touching 100 dollars in the prior session.
- Foreign institutional investors sold equities worth Rs 2,999.23 crore on July 23.
Oil And Tariffs Weigh On Sentiment
- West Asia tensions and renewed US tariff concerns have kept Asian markets broadly under pressure.
- South Korea's KOSPI fell sharply by 5.72 percent while European markets traded higher.
- Analysts say sustained high oil prices could start affecting India's broader economic indicators.
all-newstop-stories
