Overview
- India’s stock gauges closed lower on Thursday, with the Sensex down 582.86 points to 76,913.50 and the Nifty off 180.10 to 23,997.55 after a steep intraday slide.
- Brent crude jumped toward $126 a barrel on supply fears tied to the Iran standoff before easing to roughly $114 by late US trade, reflecting a sharp risk premium swing.
- The rupee hit a record intraday low near 95.33 per US dollar as funding costs for energy imports rose, and India VIX climbed more than 11% to about 19, showing higher stress.
- Foreign investors sold about Rs 2,468 crore the prior session, metals and state-run banks led the declines, and defensive buying helped IT and pharma limit losses.
- US stocks ended April at record highs on strong earnings and firm GDP while the Fed kept rates unchanged, underscoring a split between resilient US indexes and pressure on oil‑importing markets like India.