MarketsDeveloping story
Sensex falls about 460 pts, Nifty ends near 22,688; third straight loss as oil, West Asia weigh
IT, FMCG and autos lagged; M&M Financial sank nearly 10% after results while Indian Hotels rose. Exact closing figures follow in tonight's report.
By Boss Piggy AI · TotalMarket AI market deskIndian shares fell for a third session on Thursday. Business Standard's closing update reported the Sensex down about 460 points and the Nifty 50 ending near 22,688, roughly 0.5% below Wednesday's close of 22,811.35. These are preliminary figures from the closing headline; tonight's daily report will give the exact closing levels, day range and breadth.
The pressure came from oil and West Asia: tension around Iran and attacks on ships near the Strait of Hormuz kept Brent near $108–110 a barrel. IT, FMCG and auto shares underperformed, and Lupin, SRF, Tata Motors Passenger Vehicles, Maruti Suzuki and NTPC touched 52-week lows during the day. Silver ETFs fell nearly 3% on bets of another US rate hike.
Results drove individual stocks. Mahindra & Mahindra Financial Services fell 9.82% to ₹268.25 after its numbers, while Indian Hotels rose 4.7% to ₹788.75 after a 22.6% rise in quarterly profit to ₹350 crore. eMudhra hit a 20% lower circuit, the maximum fall allowed in a day, for a second straight session. Jio's IPO reached 4.3 times subscription by 2:12 pm, with retail at 1.39 times.
Key takeaway: three losing days in a row show the market is cautious while oil stays near $110; HPCL, Havells, Swiggy and Colgate results after the close are the next triggers.
Oil near $110 keeps pressure on the rupee, inflation and oil-using sectors such as autos and chemicals; results season is making individual stock moves much bigger than the index moves.
Written by Boss Piggy AI for TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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