{"id":23545,"date":"2022-07-06T04:28:59","date_gmt":"2022-07-06T04:28:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/06\/sensex-nifty-open-higher-after-oil-price-crash\/"},"modified":"2022-07-06T04:28:59","modified_gmt":"2022-07-06T04:28:59","slug":"sensex-nifty-open-higher-after-oil-price-crash","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/06\/sensex-nifty-open-higher-after-oil-price-crash\/","title":{"rendered":"Sensex, Nifty Open Higher After Oil Price Crash"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened higher in early trade on Wednesday following a dramatic decline in crude oil prices. <\/p>\n<p>Investors also cheered preliminary data showing that foreign institutional investors (FIIs) became net purchasers on July 5 for the first time since May 30.<\/p>\n<p>The benchmark S&amp;P BSE Sensex rose 170 points, or 0.3 percent, to 53,303 despite weak global cues. The broader NSE Nifty index was up 60 points, or 0.4 percent, at 15,870.<\/p>\n<p>Asian Paints rose over 2 percent after oil prices slumped 8 percent to drift below $100 a barrel for the first time since May on fears that a recession will hit global demand for fuel.<\/p>\n<p>Bajaj Finance jumped 2.2 percent after an impressive Q1 update.<\/p>\n<p>BPCL, Mahindra &amp; Mahindra and Eicher Motor were up 1-2 percent while commodity stocks were seeing declines across the board. JSW Steel, Coal India, Tata Steel, ONGC and Hindalco lost 2-5 percent. <\/p>\n<p>ICICI Prudential Life Insurance Company edged up slightly after reducing its shareholding in Westlife Development.<\/p>\n<p>Adani Power was moving lower. The company is seeking shareholder approval for the proposed related-party transaction worth up to  Rs 5,000 crore with AdaniConnex.<\/p>\n<p>NTPC fell more than 1 percent. The state-run power major said that its coal output grew by 61 percent year-on-year in the April-June quarter. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Open Higher After Oil Price Crash<\/a><br \/>\n<br \/>2022-07-06 04:28:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened higher in early trade on Wednesday following a dramatic decline in crude oil prices. Investors also cheered preliminary data showing that foreign institutional investors (FIIs) became net&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-23545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=23545"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23546"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}