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Ep-1294 | Stock Market News | #dailymoneyshow
Original: Ep-1294 | stock market news | #dailymoneyshow
Takeaway
Worsening US-Iran tensions, rising crude and HSBC's downgrade pressured the market - watch petrol/diesel prices post-elections.
Summary
- Sensex corrected 852 points to ~77,064 and Nifty fell 205 points to 24,173; Bank Nifty -1.43%
- US-Iran war: Iran demands US stop attacks and lift Strait of Hormuz blockade before peace talks; US Navy Secretary reportedly resigned
- Crude oil prices spiked again as Iran is blocking third-country ships, including potentially Indian vessels, in retaliation
- Media reports Indian government may hike petrol and diesel prices by Rs 28 per liter; government issued clarification denying the move - prices held due to ongoing four-state elections
- HSBC downgraded Indian equities rating from Neutral to Underweight for the second time this month
Daily Money ShowUS-Iran WarCrude OilHSBC DowngradePetrol Diesel
Original description
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