BSE Sensex tanks 389 points, markets spooked by escalation in Middle East tensions
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
The losses were weighed on investors' risk appetite who will also closely track March quarter results at home.
SBI in a research report raised India's GDP growth forecast to (-) 7.4 per cent in FY21 from previously predicted (-) 10.9 per cent.
NSE Nifty rose 44.30 points or 0.33 per cent to close at a record 13,558.15. It hit a lifetime high of 13,597.50 during the session.
NSE Nifty slipped 0.10 points or 0.00074 per cent to 13,513.95. It hit a high of 13,597.50 in early trade.
The gainers were led by ONGC, rallying around 6 per cent, followed by NTPC, Tata Steel, ICICI Bank, ITC, Titan and Bajaj Auto.
ONGC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by NTPC, Tata Steel, Bajaj Finance, ITC, IndusInd Bank, SBI and Reliance Industries.