News · londonmercury.com

Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109

The Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, while the BSE Sensex fell 876.37 points or 1.17% to 73,852.90. Weakness in private banks, earnings below expectations and rising crude prices intensified profit-booking, with almost all sectors in the red; the Nifty PSU Bank index was the only major gainer, up 2.41%. Axis Bank fell more than 4%, while SBI was among the top gainers. Brent crude traded at USD 108.50 per barrel, raising concerns over imported inflation, and the rupee firmed to around 94.8 per dollar after a seventh straight session of gains. However, reserves fell by USD 8.6 billion to USD 726 billion in the week ended October 9, with the total drawdown since early September near USD 60 billion.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on londonmercury.com ↗

Keywords

Indiaoil pricesSensexNifty

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/18/202682,116.00
Change that session+0.77%
BTC/USDT price, forecasts and signals →

XAU/USD

▲ Likely positive

Relevance: low

MarketGold
Close on 10/16/20264,165.63
Change that session-0.13%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Sensex, Nifty end lower amid volatile trade and profit booking

    The Nifty 50 fell 257.20 points (1.11%) to 22,888.95 and the BSE Sensex dropped 876.37 points (1.17%) to 73,852.90, after falling more than 1,000 points intraday before partially recovering; the Bank Nifty shed 355.90 points to 55,488.10. Pressure came from profit booking after last week's rally, weak global cues, foreign fund outflows, elevated crude oil prices and September-quarter earnings. HDFC Bank, ICICI Bank and Axis Bank together accounted for more than half of the Sensex's decline, even though Axis Bank reported a 39.4% rise in consolidated net profit, while the Nifty PSU Bank index gained about 2.5%. The rupee extended its appreciation streak to seven consecutive sessions, supported by a stable US dollar and Reserve Bank of India intervention, while Brent crude traded around $107-108 a barrel.

    thehindubusinessline.com·IndiaSensexNifty
  • Sensex sinks 876 points, Nifty falls 1.11% as crude oil nears USD 109

    Indian stock markets closed sharply lower on Monday as weakness in private bank stocks, disappointing corporate earnings and rising crude oil prices weighed on sentiment. The Nifty 50 closed at 22,888.95, down 1.11%, while the BSE Sensex fell 876.37 points, or 1.17%, to 73,852.90; the Nifty PSU Bank index was the only major sectoral gainer, rising 2.41%. Axis Bank fell more than 4%, while Brent crude traded at USD 108.50 per barrel, keeping concerns over imported inflation and corporate costs in focus. Analysts said markets could stay volatile as investors track earnings, oil prices and currency stability. The rupee rose for a seventh straight session to near 94.95 per dollar, but RBI reserves fell by USD 8.6 billion to USD 726 billion in the week ended October 9.

    oklahomacitysun.com·▼ PLX▼ VNINDEXIndiaoil pricesSensex
  • Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109

    Indian stock markets closed sharply lower on Monday as weakness in private bank stocks, disappointing corporate earnings and rising crude oil prices weighed on sentiment. The Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, while the BSE Sensex fell 876.37 points (1.17%) to 73,852.90. Almost all sectoral indices fell, with only the Nifty PSU Bank index rising 2.41%, while Axis Bank dropped more than 4%. Brent crude traded at USD 108.50 per barrel, keeping concerns over imported inflation in focus. Gold was largely flat, and Asian markets were mixed, with South Korea's KOSPI up 1.73%.

    britainnews.net·Indiaoil pricesSensex
  • Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109

    The Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, while the BSE Sensex fell 876.37 points (1.17%) to 73,852.90. Weakness in private banks, disappointing corporate earnings and rising crude oil prices weighed on sentiment, and almost all sectoral indices closed lower. The Nifty PSU Bank index was the only major sector to gain, rising 2.41%. Axis Bank fell more than 4%, while SBI and JSW Steel were among the top gainers, and Brent crude traded at USD 108.50 per barrel.

    arabherald.com·▼ VNINDEXoil pricesIndiabanks
  • Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109

    The Nifty 50 closed down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex fell 876.37 points (1.17%) to 73,852.90 on Monday, as weakness in private banks, disappointing earnings and rising crude prices hit sentiment. Almost all NSE sectoral indices closed lower, with only the Nifty PSU Bank index rising 2.41%. Axis Bank fell more than 4%, while SBI, JSW Steel, Eicher Motors and Adani Ports led the gainers. Brent crude traded at USD 108.50 per barrel, raising concerns about imported inflation, while the rupee rose for a seventh straight session to around 94.95 per dollar. However, RBI reserves fell USD 8.6 billion to USD 726 billion in the week ended October 9, a drawdown of nearly USD 60 billion since early September, and analysts said markets could stay volatile.

    russiaherald.com·▼ VNINDEXIndiaoil pricesforeign reserves
  • Stock Market Crash Today : Investors Lose Rs 5 Lakh Crore As Sensex , Nifty Plunge . What Went Wrong ?

    Indian stock markets fell sharply on Monday, October 19, erasing the previous week's recovery and wiping out more than Rs 5 lakh crore in investor wealth. The BSE Sensex dropped over 1,000 points, or 1.4%, to an intraday low of 73,709, while the NSE Nifty 50 lost about 300 points. Major drivers included heavy selling in banking stocks after September-quarter results, with HDFC Bank, ICICI Bank and Axis Bank accounting for half of the Sensex's decline; Brent crude near $108-$109 per barrel amid tensions around the Strait of Hormuz; and foreign investors pulling out Rs 52,100 crore in October after Rs 35,861 crore in September. Midcap and smallcap stocks also fell.

    newsx.com·▼ VNINDEXIndiaoil pricescapital flows

Related markets

Crypto →Gold →

Latest news

  • Iran warns US and Israel

    Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.

    CafeF·▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDTIrangeopoliticsIsrael
  • Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?

    TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.

    Yahoo Finance·TRPvaluationdividends
  • Should You Buy This Trump AI Stock Ahead of Earnings?

    Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.

    Yahoo Finance·MSFTDonald Trumpearnings
  • What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?

    Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.

    Yahoo Finance·WMBnatural gasvaluation
  • Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%

    Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.

    Yahoo Finance·▲ QQQsemiconductorsMarvellBroadcom
  • Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?

    ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.

    Yahoo Finance·OKEmergers and acquisitionsnatural gas

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.