Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex slumps over 700 pts, Nifty below 24,000; PSU banks, pharma stocks struggle

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Sensex Today | Nifty 50 | Stock Market Live Updates: The Indian stock market continued to decline, with benchmark indices Sensex and Nifty trading in the red on Wednesday as the conflict in the Middle East escalated, pushing oil prices above $92 per barrel.
Spot gold climbed 0.9% to $4,112.70 per ounce by 0705 GMT, having hit its highest level since July 7 earlier in the day. U.S. gold futures for August delivery jumped 1% to $4,116.90.
Overseas investors remained net buyers across sectors during the first half of July, extending their buying streak to a second straight fortnight and recording their strongest inflows since early February, according to NSDL data.
The yen hovered near a nearly four-decade low against the dollar on Wednesday as higher oil prices and rising U.S. Treasury yields boosted the greenback, keeping traders on alert for potential intervention by Japanese authorities.
Wall Street's main indexes ended higher on Tuesday, led by a sharp rally in semiconductor stocks that overshadowed concerns over escalating Middle East tensions and ongoing tariff disputes, as investors turned their attention to upcoming earnings from major technology companies for fresh signals on the outlook for the AI
Gold climbed to its highest level in nearly two weeks on Wednesday, supported by technical buying, as investors looked ahead to next week's U.S. Federal Reserve meeting for signals on the interest rate path while keeping a close watch on the escalating conflict in the Middle East.
Oil prices climbed to a two-month high on Wednesday as fears of fresh supply disruptions intensified after U.S. forces carried out strikes on Iranian military targets for an 11th straight night, while Kuwait reported dealing with attacks by Iranian drones.

document fetched 2026-07-22 08:34