Branch2 Intelligence
Stock market today: Gift Nifty hints weak start; eight day trading stocks to buy on Wednesday, 8 July
Key takeaway
US-Iran tensions trigger global risk-off, Indian indices Sensex and Nifty 50 open weak.
- Step 11st-order: US-Iran geopolitical tensions trigger risk-off sentiment globally.
- Step 22nd-order: Crude oil prices rise as supply disruption fears mount, increasing input costs for Indian importers.
- Step 33rd-order: Indian equity indices Sensex and Nifty 50 decline on foreign portfolio outflows and inflation concerns.
- Step 44th-order: RBI maintains hawkish stance to contain imported inflation, raising SME borrowing costs.
Source: LiveMint Markets
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