Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
Prices of Gold fell Rs 182 to Rs 39,648 per 10 gm in futures trade as easing tensions in Middle East reduced gold demand.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 182, or 0.46 per cent, to Rs 39,648 per 10 gram in a business turnover of 1,857 lots.
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The yellow metal for April delivery dropped by Rs 178, or 0.45 per cent, to Rs 38,822 per 10 gram in 207 lots.
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Experts believe that the concerns over US-Iran standoff eased further after US lawmakers introduced a resolution on Thursday aimed at reining in President Donald Trump’s ability to take military action against Iran.
Globally, gold was trading 0.42 per cent lower at USD 1,547.80 an ounce in New York.
(With input from agencies)
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