Categories: Business

Stocks, rupee slide as oil spike fuels pressure

Indian markets closed lower as fluctuating crude prices and global risk-off cues weighed. Banking stocks led the decline after mixed earnings reports from major lenders. The rupee weakened against the dollar due to rising oil prices and geopolitical tensions. Crude prices rose to a one-month high amid fears of supply disruption. Geopolitical tensions in West Asia are expected to persist in the near term.

The News Vista

Share
Published by
The News Vista

Recent Posts

Centre scraps Rs 2.5/litre petrol export duty, hikes diesel levy to Rs 11.5

The Centre took significant steps on October 31 by eliminating the Rs 2.5 per litre…

1 hour ago

‘Already been uprooted’: Akhilesh, Awadhesh target Amit Shah over ‘Angad’s foot’ remark

Akhilesh Yadav condemned Amit Shah's claims about the BJP's stronghold in Uttar Pradesh, pointing out…

1 hour ago

Hundreds evacuated from Oleshky as Melania Trump brokers rare Russia-Ukraine ceasefire

Hundreds of residents were evacuated from the Russian-occupied town of Oleshky during a humanitarian ceasefire.…

2 hours ago

Nifty50 faces worst year in a decade: Will November help Dalal Street to bounce back?

October was a challenging month for Indian stocks, leading to a cautious perspective for November.…

2 hours ago

India’s roads kill quietly while crashes in the sky make headlines

A tragic helicopter crash in Uttarakhand resulted in six fatalities, reigniting urgent discussions on aviation…

2 hours ago

US rolls out Stinger missiles to shield Trump’s Florida estate from drone threats

To bolster security around Mar-a-Lago estate, the United States has installed Avenger air defense systems.…

2 hours ago