With two hours left in today’s session, Nifty 50 is holding near 24,180 as Brent crude’s surge past $90 a barrel on escalating US-Iran tensions keeps investors on edge, even as Bitcoin holds firm above ₹62 lakh. Here’s your 2 PM markets update.
📈 Afternoon Session: Market Snapshot
The S&P BSE Sensex is down 624 points (-0.80%) at 77,527, while the Nifty 50 has slipped 153 points (-0.63%) to 24,180 in afternoon trade — a sharp reversal from last week’s rally, when the Nifty closed at 24,334 and Sensex at 78,151. Sentiment turned negative as Brent crude jumped over 2.6% past the $90/barrel mark on rising US-Iran tensions, stoking fears of higher import costs and inflation. Realty and banking stocks led the decline, with HDFC Bank, Axis Bank, Kotak Mahindra Bank, InterGlobe Aviation and Bajaj Finance among the top losers after mixed Q1 earnings. On the flip side, ICICI Bank, Tech Mahindra, ONGC, JSW Steel and Cipla bucked the trend to post gains. DIIs remained net buyers (+₹1,018 crore in the cash segment per the latest available data), cushioning some of the FII selling (-₹376 crore).
₿ Crypto at 2 PM — Live Prices
Bitcoin is trading at $64,722 (₹62.4 lakh), down a marginal 0.17% over 24 hours after rebounding from a dip near $63,000 earlier this week. Ethereum is at $1,872 (₹1.80 lakh), up 0.50%. On-chain activity is buzzing: Allbridge Core, a cross-chain bridge protocol, was exploited for roughly $1.65 million, with stolen funds moved from Solana to Ethereum. Separately, South Korea’s Financial Supervisory Service has opened sanctions proceedings against Upbit parent Dunamu, adding a regulatory overhang to the session.
💰 Live Rates — 2 PM IST
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,180.45 | -0.63% |
| Sensex | 77,527.13 | -0.80% |
| Bitcoin (BTC) | ₹62.4L / $64,722 | -0.17% |
| Ethereum (ETH) | ₹1.80L / $1,872 | +0.50% |
| Gold (24K, 10g) | ₹1,43,290 | +0.3% |
| Silver (1kg) | ₹2,35,000 | +1.0% |
| USD/INR | ₹96.41 | steady |
| Crude Oil (Brent) | $90.42 | +2.63% |
📰 Top 5 Financial News Stories of the Day
- US-Iran tensions send Brent crude past $90/barrel — Escalating conflict has pushed oil to its highest level in months, raising the spectre of costlier imports and stickier inflation for India, a major crude importer. Higher oil prices are a direct drag on the rupee and corporate input costs.
- HDFC Bank, Axis Bank drag Nifty Bank lower post Q1 results — Both lenders slipped after Q1 FY27 earnings failed to meet Street expectations, dragging the broader banking index down and offsetting gains in PSU and IT counters. Investors are now watching Kotak Mahindra Bank and Bajaj Finance results for further cues.
- Gold and silver rally to fresh highs on safe-haven demand — MCX gold rose 0.3% and silver outperformed with over 1% gains as geopolitical risk and a firm dollar pushed investors toward bullion. 24K gold now trades near ₹1,43,290 per 10 grams in the retail market.
- Allbridge Core bridge hack drains $1.65 million — Attackers exploited the cross-chain protocol and moved funds from Solana to Ethereum, the latest in a string of bridge exploits this year. The incident is a reminder of ongoing security risks in cross-chain infrastructure even as crypto prices hold steady.
- Dunamu faces Korean regulator sanctions process — South Korea’s FSS has begun sanctions proceedings against Upbit’s parent company, adding to a wave of regulatory scrutiny on major exchanges globally. The move could weigh on sentiment for Korea-linked tokens in the near term.
🌐 Global Markets & Tomorrow’s Outlook
Elevated crude prices and US-Iran tensions are likely to keep global risk sentiment cautious into the US session, with traders watching for any de-escalation signals. Back home, Q1 FY27 earnings remain the dominant driver for Dalal Street this week — more banking and IT majors are due to report, and results will likely set the tone for tomorrow’s opening. Investors should watch crude oil movement, the rupee’s reaction to costlier imports, and follow-through selling in banking stocks as key triggers for tomorrow’s session.
Data sourced from live market feeds. Last updated: 2:00 PM IST. This is for informational purposes only and not investment advice.
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