CRUDE RISES , RUPEE FALLS & DALAL STREET TRIPS AGAIN

What happened: Rising crude prices, a weaker rupee after an eight-session gain and sliding Asian markets pulled Dalal Street lower on Thursday, with Sensex and Nifty both closing in the red. Key numbers: Sensex fell 460 points or 0.6% to 73,249. Nifty lost 124 points or 0.5% to 22,688. Why it matters: Ankur Punj of Equirus Wealth cited the West Asia conflict, weak global cues and the rupee fall, and flagged inflation concerns from higher crude plus persistent foreign selling as risks that could push investors toward dollar assets.

Rising crude prices, a weaker rupee after an eight-session gain and sliding Asian markets pulled Dalal Street lower on Thursday, with Sensex and Nifty both closing in the red.

Ankur Punj of Equirus Wealth cited the West Asia conflict, weak global cues and the rupee fall, and flagged inflation concerns from higher crude plus persistent foreign selling as risks that could push investors toward dollar assets.