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Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade mixed LIVE BLOG Analysts said the near-term bias remains bearish, with the index likely to stay under pressure. Synopsis Sensex Today | Nifty 50 | Stock Market Live Updates: Indian benchmark indices opened on a weak-to-flat note and remained under pressure throughout the session, eventually closing near the day’s lows. Elevated Brent crude oil prices, amid continued geopolitical uncertainty, remained a key overhang on investor sentiment and kept risk appetite subdued. Sensex Today | Nifty 50 | Stock Market Live Updates: Indian benchmark indices opened on a subdued note and stayed under pressure through the session, closing near the day’s lows. Persistently high Brent crude prices, amid ongoing geopolitical uncertainty, weighed on investor sentiment and kept risk appetite muted. Analysts said the near-term bias remains bearish, with the index likely to stay under pressure. A sustained move marked by higher highs and higher lows on the daily chart would be required to indicate a shift in the trend. Show more 1 New Update Oil prices jumped for a fourth straight session on Wednesday, rising more than $1 in early trade after Iran launched fresh attacks on US military assets in the Gulf. The latest escalation in the conflict between Washington and Tehran heightened concerns over further disruptions to crude supplies and the broader fallout from the war spreading across the region. Asian chip stocks extended their recent gains as investor interest in the artificial intelligence trade remained strong. Meanwhile, escalating hostilities in the Middle East pushed Brent crude prices closer to the $100-a-barrel mark. Shares of Bank of Baroda, Sanofi India, Piramal Finance, Tata Capital and several other companies are likely to remain in focus on Wednesday following key corporate developments. GIFT Nifty on the NSE IX traded lower by 53.5 points, or 0.23 per cent, at 23,660, signaling that Dalal Street was headed for a negative start on Wednesday. The Indian stock market extended its losses on Tuesday, with the Sensex and Nifty closing lower as elevated crude oil prices, growing concerns over a potential Fed rate hike, a booming IPO market and other headwinds continued to weigh on investor sentiment, driving the market’s prolonged downward grind. Indian equity markets extended their losses on Tuesday, September 8, with benchmark indices ending lower as elevated crude oil prices, growing concerns over a potential US Federal Reserve rate hike and the continued surge in initial public offerings (IPOs) weighed on investor sentiment.
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