Market LIVE: Sensex slides over 500 points in pre-open, Nifty slips below 23,300; Asian stocks retreat
AI Market Summary
Indian equities opened sharply lower (Sensex -500 preopen; Nifty below 23,300) amid broad Asian weakness as rising US Treasury yields and elevated oil prices reduce risk appetite. WTI briefly nearing $110 and firmer Fed hike expectations reinforce tighter financial conditions. Concurrent declines in gold and silver suggest reduced demand for defensives, pointing to a near-term risk-off tone across regional assets.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.42%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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India's Sensex dropped more than 500 points in Friday's pre-open trade, while the Nifty fell below the 23,300 mark. Asian equities weakened as rising U.S. Treasury yields and elevated oil prices weighed on risk appetite. West Texas Intermediate crude futures briefly touched $110 a barrel before easing slightly. Gold and silver futures also declined, as expectations grew that the Federal Reserve could raise interest rates.
