Stock Market Today LIVE: The Indian stock market is expected to open sharply lower on Thursday, following steep losses in global markets, after US Federal Reserve policy and amid worries over surging crude oil prices.
The trends on Gift Nifty indicate a gap-down start for the benchmark indices, Nifty 50 and Sensex. The Gift Nifty was trading around 23,280 level, a discount of nearly 497 points from the Nifty futures’ previous close.
Asian markets traded lower, while the US stock market slumped overnight after the US Federal Reserve policy left interest rate unchanged, with the S&P posting its lowest close in nearly four months.
The escalating US-Iran war and the attacks on energy infrastructure in the Gulf region sent crude oil prices above $100 per barrel. Investors sentiment also dampened after the US Federal Reserve kept interest rate unchanged and warned that surging energy prices could stoke inflation.
Crude Oil Prices
Crude oil prices jumped amid attacks on the energy infrastructure in the Middle East. Brent crude oil price surged 3.71% to $111.36 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 2.97% to $99.18.
Stay tuned to this segment for the latest updates on the Indian stock market today.
