Asian Markets React to Trump's Speech as Oil Prices Surge

Market Reactions to Trump's Speech

Following indications from U.S. President Donald Trump's speech that war would not cease immediately, Asian markets were thrown into turmoil. The price of crude oil surged to $105, significantly impacting the Indian stock market on Thursday. As trading commenced, Dalal Street experienced a sharp decline. On Wednesday, the major indices, Sensex and Nifty 50, had closed with gains exceeding 1.5%, but on Thursday, they opened approximately 1.5% lower, with Sensex plummeting nearly 1500 points.

Share Market Update: On April 2, the market opened weakly, with Nifty starting below 22,300. Sensex fell by about 1,314 points (1.80%) to 71,820, while Nifty dropped around 399 points (1.76%) to 22,280. Notable declines were observed in stocks such as Sun Pharma, Interglobe Aviation, Adani Ports, and Shriram Finance.

The Indian Rupee opened stronger today, April 2, at 93.53 per dollar, compared to the previous rate of 93.84 per dollar.

Stock Market Live: Powerica Limited is set to list today. The company's IPO was subscribed 1.53 times overall, with strong participation from institutional investors. The Qualified Institutional Buyer (QIB) category was oversubscribed by 4.74 times, while the Non-Institutional Investor (NII) segment saw a 47% subscription, and retail investors accounted for 16%.