Markets
Sensex down 471 pts, Nifty at 22,636 by noon as West Asia tension and oil weigh
Chemicals, autos and metals led losses; mid and small caps fell about 1% as the rupee slipped to 94.50.
Indian shares fell for a third session on Thursday morning. At 12 noon the Sensex was down 471.48 points (0.64%) at 73,238.21 and the Nifty 50 was down 175.45 points (0.77%) at 22,635.90, below the 22,700–22,800 support zone analysts had flagged, Business Standard reported.
The main worry is West Asia. Tension around Iran and attacks on ships near the Strait of Hormuz keep oil near $108–110 a barrel, and India imports most of its crude, so costlier oil hurts the rupee, company costs and inflation. Chemicals, autos and metals were the weakest sectors; Power Grid, Mahindra & Mahindra and Nestle India were the biggest Nifty losers. The Nifty Midcap fell 1.04% and the Smallcap 0.91%. The rupee eased 12 paise to about 94.50 per dollar in early trade.
Worked example: a 0.77% fall in the Nifty means a ₹1 lakh Nifty index fund is worth about ₹99,230 at this moment, a drop of ₹770 since yesterday's close. Mid-session prices change constantly, so the close at 3:30 pm can look quite different.
Key takeaway: oil and West Asia headlines are steering the market this week; watch whether the Nifty recovers above 22,700 into the close.
Costlier oil and a weaker rupee hurt sectors that use oil, such as autos, chemicals, paints and airlines, while the broader selling extends this week's losses in small-company shares.
Written with AI assistance by 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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