Overview
- Indian benchmarks slid Monday as the Sensex fell 1,312.91 points to 76,015.28 and the Nifty dropped 360.30 points to 23,815.85 after crude jumped back toward $105 a barrel.
- Trading Tuesday opened weaker with the Sensex down more than 400 points and the Nifty under 23,800, while the rupee touched fresh lows near 95.5 per dollar and President Trump called the Iran truce “on life support.”
- Foreign investors pulled out Rs 8,437.56 crore Monday, and jewellery shares sank after Prime Minister Narendra Modi urged households to postpone gold buys and cut fuel use, signaling strain on foreign exchange.
- South Korea’s tech-led market remains a regional outlier after Goldman Sachs lifted its 12‑month Kospi target to 9,000 on chip and AI earnings, though early Tuesday trade showed some pullback from record highs.
- India imports over 85% of its oil, so pricier crude threatens inflation and the current account, while capital flows tilt toward Korea and Taiwan and Pakistan’s KSE‑100 swung from a 609‑point drop Monday to an early 900‑point rebound Tuesday.