{"id":39670,"date":"2023-10-18T10:34:27","date_gmt":"2023-10-18T10:34:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/sensex-nifty-decline-as-oil-prices-rally-amid-middle-east-turmoil\/"},"modified":"2023-10-18T10:34:27","modified_gmt":"2023-10-18T10:34:27","slug":"sensex-nifty-decline-as-oil-prices-rally-amid-middle-east-turmoil","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/sensex-nifty-decline-as-oil-prices-rally-amid-middle-east-turmoil\/","title":{"rendered":"Sensex, Nifty Decline As Oil Prices Rally Amid Middle East Turmoil"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares fell sharply on Wednesday after a huge explosion at a Gaza hospital derailed the diplomatic efforts led by the U.S. to mobilize support for &#8220;Israel&#8217;s right to defend itself&#8221;.<\/p>\n<p>Palestinian and Israeli officials have blamed on each other for the blast, further stoking tensions and sending oil prices soaring. <\/p>\n<p>After news of the explosion broke late on Tuesday, Jordan cancelled the summit that King Abdullah had planned to host for U.S. President Joe Biden, Egyptian president Abdel Fattah al-Sisi and Palestinian Authority president Mahmoud Abbas.<\/p>\n<p>Both Brent and WTI contracts traded up over 3 percent in European trade as bullish inventory data from the American Petroleum Institute and improved China data added to lingering worries about potential disruptions to supplies. <\/p>\n<p>The benchmark S&amp;P BSE Sensex slumped 551.07 points, or 0.83 percent, to 65,877.02 as rallying oil prices revived investor concerns around inflation and interest rates. <\/p>\n<p>The broader NSE Nifty index settled 140.40 points, or 0.71 percent, lower at 19,671.10.<\/p>\n<p>Bajaj Finance lost 3 percent after reporting a smaller-than-expected rise in quarterly net profit. <\/p>\n<p>Group firm Bajaj FinServ fell 1.9 percent while Reliance Industries, HDFC Bank and NTPC all ended down over 1 percent. <\/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 Decline As Oil Prices Rally Amid Middle East Turmoil<\/a><br \/>\n<br \/>2023-10-18 10:34:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares fell sharply on Wednesday after a huge explosion at a Gaza hospital derailed the diplomatic efforts led by the U.S. to mobilize support for &#8220;Israel&#8217;s right to defend&#8230;<\/p>\n","protected":false},"author":2,"featured_media":39671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-39670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39670","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=39670"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/39671"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=39670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=39670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=39670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}