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Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade lower LIVE BLOG Sensex Today | Nifty 50 | Stock Market Live Updates: Analysts said the near-term bias for the indices remains bearish, with a sustained formation of higher highs and higher lows on the daily chart needed to signal a pause in the ongoing downtrend. Synopsis Sensex Today | Nifty 50 | Stock Market Live Updates: Indian benchmark indices came under heavy selling pressure during Wednesday’s session as Brent crude prices surged above the $100-per-barrel mark amid heightened geopolitical uncertainty, further dampening investor sentiment. 1 New Update Asian stocks opened lower on Thursday, tracking declines on Wall Street as surging oil prices and rising Treasury yields heightened inflation concerns ahead of key US inflation data. US crude prices extended their rally for an eighth consecutive session. Shares of Reliance Industries, Wipro, Coal India, ICICI Prudential AMC and several other companies are likely to remain in focus on Thursday following key corporate developments. GIFT Nifty on the NSE IX traded lower by 20 points, or 0.09 per cent, at 23,470.5, signaling that Dalal Street was headed for a muted start on Thursday. The Indian stock market tumbled for the third straight session on Wednesday, with the Sensex and Nifty ending sharply lower as surging oil prices and other concerns weighed on investor sentiment. The Sensex fell more than 813 points to close at 74,764, while the Nifty50 declined around 204 points to settle at 23,431. The sell-off eroded more than Rs 2 lakh crore from the combined market capitalisation of companies listed on the BSE, bringing the total market value down to around Rs 484 lakh crore. Indian equity markets extended their losing streak for a third consecutive session on Wednesday, September 9, as rising oil prices and mounting concerns weighed on investor sentiment.
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