Stock Market Today Live Updates: Rupee falls 21 paise against US dollar

Stock market today: Rupee falls 21 paise against US dollar Rupee began Wednesday on a weak note, tumbling 21 paise to 94.95 against the US dollar as surging crude oil prices and escalating US-Iran tensions weighed on the domestic currency. The fall was partly cushioned by a weaker dollar, which provided some support to the rupee..Stock market today: BSE Sensex tanks over 500 points, NSE Nifty50 opens below 23,500 Dalal Street opened in the red on Wednesday, with Sensex and Nifty sliding sharply as Brent crude moved closer to the $100-a-barrel mark. BSE Sensex was down 578.71 points, or 0.77%, at 74,998.87, while Nifty 50 declined 151.85 points, or 0.64%, to 23,483.15..Stock market today: GIFT Nifty points to cautious start GIFT Nifty was trading at 23,646, down 67.5 points or 0.28%, indicating a cautious tone for equities at the start of the session. Gift Nifty is seen as an early indication of the direction of domestic benchmark indices before regular trading begins. The subdued reading comes against a backdrop of weakness in equities, elevated crude oil prices and mixed global market cues, including declines in US stocks and divergent movements across Asian markets..Stock market today: Asian markets show a mixed trend across the region Asian equities presented a mixed picture, with gains in some markets offset by declines in others. The Nikkei 225 was up 157.93 points, or 0.24%, at 65,427.26, while Taiwan's benchmark advanced 391.47 points, or 0.83%, to 47,497.25. South Korea's Kospi rose 91.3 points, or 1.31%, to 7,045.82. Shanghai's benchmark also gained, with the Shanghai Composite rising 4.562 points, or 0.12%, to 3,945.113, while the Shenzhen index added 32.819 points, or 0.24%. At the same time, Hong Kong's Hang Seng declined 55.9 points, or 0.22%, and Malaysia's benchmark slipped 0.15%. Australia's ASX 200 fell 0.18%, Singapore's STI declined 0.75% and New Zealand's NZX 50 dropped 0.14%..Stock market today: US stocks return lower as oil prices climb US equities declined as markets reopened after a three-day weekend, with investors facing renewed pressure from higher oil prices and the latest escalation in the conflict with Iran. The S&P 500 fell 0.6%, while the Dow Jones Industrial Average dropped 628 points, or 1.2%. The Nasdaq Composite declined 0.3%. Oil prices were a key source of pressure after Brent crude briefly climbed to $99.46 a barrel before settling at $97.92, up 0.9%. Brent had been around $72 in early July, while increased fighting in the Middle East has continued to constrain the global flow of oil. Higher crude prices have also added to concerns over inflation in the US. Markets were awaiting wholesale and consumer inflation data, with economists expecting producer-level inflation to accelerate and consumer inflation to ease slightly..Stock market today: Crude oil moves closer to $100 as tensions escalate Oil prices moved closer to the $100-a-barrel level as renewed US-Iran tensions added to concerns over crude supplies. Brent crude rose 1.47% to $99.36 a barrel, while US West Texas Intermediate climbed 1.54% to $94.46. Brent had also risen 1.45% to $98.36 a barrel in the backdrop of weaker Indian equities. The latest escalation followed an exchange of strikes between the US and Iran. Iran launched missiles towards US targets in Jordan after the US military destroyed five Iranian oil tankers in response to attacks on its warships. Iran's Revolutionary Guards said they had targeted two US destroyers and a US base in Jordan, while Jordan said its air-defence systems intercepted most of the missiles. Brent has risen by a quarter since early August..Stock market today: Indian equities extended loss for second straight session Indian benchmark indices remained under pressure in the pervious session as Sensex and Nifty ended lower, with elevated crude oil prices and US-Iran hostilities weighing on investor sentiment. BSE Sensex fell 555.23 points, or 0.73%, to settle at 75,577.58, after touching an intraday low of 75,553.35. NSE Nifty declined 144.05 points, or 0.61%, to 23,635.10. The weakness followed a 0.50% decline in both indices in the preceding session. Selling in major index constituents including ICICI Bank, HDFC Bank and Reliance Industries added to the pressure. Axis Bank, UltraTech Cement and Kotak Mahindra Bank were among other major Sensex laggards. Bharat Electronics, Adani Ports, Hindustan Unilever and InterGlobe Aviation ended higher.