The Hindu

Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance

With Brent crude touching $106 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said.

Among the 30 Sensex firms, HCL Tech jumped 6.5%, Tech Mahindra climbed 5.6%, Tata Consultancy Services surged 5.10% and Infosys edged higher by 4.83%

Brent crude futures rose $3.62, or 3.46%, to $108.23 per barrel as of 2214 GMT (Sunday). WTI futures rose $3.15, or 3.15%, to $103.20 per barrel

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In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion

Forex traders noted that while record foreign exchange reserves, active RBI intervention, and strong domestic growth offer support, rising global yields and crude prices above $108 are significantly impacting countrys import bill

30-share BSE Sensex advanced 138.36 points, or 0.19%, to settle at 74,902.59 on last-minute buying; 50-share NSE Nifty edged higher by 46.30 points, or 0.20%, to end at 23,477.80

The 30-share BSE Sensex was marginally up 38.07 points to 74,809.95 in early trade. The 50-share NSE Nifty advanced 9.85 points to 23,439.20

Selling in IT stocks and fresh foreign fund outflows also dented investors' sentiment

Indian rupee opened lower on escalating geopolitical tensions and a surge in crude oil prices. Brent has neared the $100 mark as U.S. and Iran attack each other, said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

The 30-share BSE Sensex dropped 555.23 points, or 0.73%, to settle at 75,577.58; the 50-share NSE Nifty ended 144.05 points, or 0.61%, lower at 23,635.10

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.18, higher by 0.01% on safe-haven demand amid renewed U.S.-Iran tensions.

Further strengthening U.S. bond yields and a firm dollar index have reduced foreign risk appetite for emerging markets, said Rajkumar Rathi, Chief Investment Officer at YES Securities

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The 30-share BSE Sensex climbed 362.57 points, or 0.48%, to settle at 76,515.43, with 20 of its constituents ending higher and 10 with losses. The barometer surged as much as 730.28 points, or 0.95%, during the day to hit an intraday high of 76,883.14

At the interbank foreign exchange market, the rupee opened at 94.53 and touched an intra-day high of 94.46 and a low of 94.53 during the session.

Forex traders said the rupee is poised to gain strength, supported by strong underlying inflows and aggressive RBI intervention

Tata Steel, Adani Ports, Axis Bank, ICICI Bank, State Bank of India, HDFC Bank, Power Grid, Eternal, Larsen & Toubro, Bharti Airtel and UltraTech Cement were among the major gainers from the Sensex pack

Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to $95 per barrel

Weak trends in the global markets and foreign fund outflows also dented investors' sentiment during the initial trading, market analysts said

At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close.

The 30-share BSE Sensex climbed 285 points to 77,944.02 in early trade

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At the interbank foreign exchange, the rupee opened at 95.69, then rose to 95.65, higher by 9 paise from its previous close

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.82, lower 0.01%.

The 30-share BSE Sensex was down 278.32 points to 77,450.64 in early trade. The 50-share NSE Nifty edged lower by 57.65 points to 24,230.45

Forex traders said Brent crude near $91 per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the concessional FCN (B) forex-swap facility raised concerns over future dollar inflows.

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At the interbank foreign exchange, the rupee opened at 95.50, then fell to 95.59, down 17 paise from its previous close.

Brent crude, the global oil benchmark, was trading higher by 0.16% at $87.21 per barrel in futures trade.

Forex traders said investor sentiment remains fragile as the standoff between US and Iran does not seem to be coming to an end

Chairman N. Chandrasekarans decision not to seek reappointment has sparked investor concerns, leading to significant declines in key Tata Group stocks amid broader market losses.

From the Sensex pack, Bharti Airtel, Mahindra&Mahindra, UltraTech Cement, Adani Ports, Titan and Bajaj Finance were among the major laggards

Markets are increasingly sceptical about a quick U.S.-Iran agreement, while reports of attacks on shipping have renewed concerns about physical supply, forex traders said

From the Sensex pack, UltraTech Cement, Axis Bank, InterGlobe Aviation, Bharti Airtel, Bajaj Finance and Power Grid were among the major laggards.

The overall mutual fund industry saw a sharp turnaround in July, recording a net inflow of around 2.36 lakh crore

At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and maintained that level till the time of publishing the copy

From the Sensex pack, InterGlobe Aviation, Axis Bank, UltraTech Cement, Bharti Airtel, Eternal and Bajaj Finance were among the laggards

The 30-share BSE Sensex was up 43.27 points, or 0.06%, to settle at 78,542.44; during the day, it hit a high of 78,676.98 and a low of 78,298.92, gyrating 378.06 points

At the interbank foreign exchange market, the rupee opened at 95.18 and traded in a narrow range of 95.18-95.31 during the day

The FII inflows and a rise in the countrys forex reserves capped a sharper fall in the local unit, forex traders said

Tata Consultancy Services, Mahindra & Mahindra, State Bank of India, and Tech Mahindra were among the winners

Forex traders said risk aversion in global markets due to uncertainty on the deal between Iran and Oman and an overnight jump in crude oil prices weighed on investor sentiments

On a standalone basis, the bank's net profit grew 10.23% on-year to 21,121.22 crore as against 19,160.44 crore in April-June 2025, as per an exchange filing

The 30-share BSE Sensex declined 235.36 points to 78,699.80 in early trade. The 50-share NSE Nifty dipped 24.30 points to 24,608.25