Biz Pulse: Market Falls For The Third Consecutive Day, But Holds Up Against Global Peers| Oneindia

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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.         #Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews                  ~HT.178~PR.152~ED.103~GR.124~

Transcript

00:00 Hello, I am Shravani Sinha and today we are here to talk about the Indian stock markets.

00:05 We are here to decode why the market has been falling for the last three sessions but is

00:09 still holding up against the global peers.

00:12 As of the closing bell on Tuesday, we saw continued pressure for the third consecutive

00:17 session.

00:18 The key indices, Sensex and Nifty experienced notable drops with the Sensex plummeting by

00:24 456 points and the Nifty stumbling 125 points.

00:29 Let's not forget about the Bank Nifty which slipped 288 points.

00:33 The Mid Cap Index also closed in the red despite relatively outperforming the other segments.

00:40 These declines in the Indian market are partly attributed to the ongoing tensions in the

00:44 Middle East, particularly the Iran and Israel conflict.

00:48 The geopolitical unrest there has sent ripples through the global markets, impacting investor

00:53 sentiment worldwide including here in India.

00:57 Looking at the numbers, it's evident that investors are feeling the pressure.

01:01 The Nifty 50 Index has seen a significant drop of nearly 650 points over the last three

01:06 sessions while the BSE Sensex has lost around 2200 points.

01:11 The Bank Nifty Index on the other hand has nosedived by about 2700 points.

01:17 But amidst the overall downturn, there are some glimmers of hope.

01:22 Shifting our focus to global markets, US stock futures were marginally lower this morning,

01:28 following a losing day for the major benchmarks.

01:31 In its sixth consecutive day of losses, the 30-stock Dow fell about 248 points causing

01:37 the Blue Chip Index to wipe out most of 2024 gains.

01:41 Additionally, the S&P 500 experienced a decline of 1.2% and the Nasdaq Composite also saw

01:48 a notable drop of 1.79%.

01:51 European markets also saw a significant drop in their opening on Tuesday.

01:56 The regional stocks 600 index was down by 1.4% and all sectors were in negative territory.

02:03 Mining stocks took the hardest hit declining by 2.7% while financial services also saw

02:09 a notable drop of 2.1%.

02:12 In Asia-Pacific markets, we are seeing significant sell-off as the world awaits Israel's response

02:17 to Iran's air assault over the weekend.

02:20 Most major markets in Asia have lost about 2% each with South Korea's KOSPI leading

02:26 the losses, plunging 2.28%.

02:29 Lastly, let's talk about currency and crude.

02:33 The Indian rupee has dropped to a record low again amidst concerns over a wider Middle

02:39 East conflict.

02:40 And oil prices have risen amid heightened tensions in the region with Brent futures

02:45 for June delivery up 46 cents to $90.56 a barrel.

02:55 -

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