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.
Amid lower opening of European markets and mixed trade in Asian bourses, domestic benchmark indices closed Monday’s trading session in the negative zone. Profit booking amid recent gains also pushed markets to close in the negative zone.
The Sensex at the BSE closed 130 points or 0.44 per cent down at 29,576 while the NSE Nifty ended 17 points or 0.18 per cent lower at 9,181.
However, broader markets registered gains. BSE Midcap and Smallcap indices jumped around 0.6 per cent each.
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Among the BSE sectoral indices, IT index closed with the biggest dip, down 1.6 per cent. Teck (down 1.1 per cent), Realty (down 0.7 per cent) and Bankex (down 0.4 per cent) indices were other notable losers. Metal and Oil & Gas indices jumped around 0.9 per cent each.
On Friday, the BSE Sensex had closed 221 points or 0.74 per cent down at 29,707, on Friday, while the NSE Nifty ended 64 points or 0.69 per cent lower at 9,198.
Top gainers in the Sensex-30 pack: Tata Motors (up 1.5 per cent), Axis Bank (up 1.4 per cent), Coal India (up 1.2 per cent), Adani Ports (up 1.1 per cent) and Tata Steel (up 0.5 per cent).
Top losers in the Sensex-30 pack: Infosys (down 2.9 per cent), Asian Paints (down 1.9 per cent), Reliance Industries (down 1.7 per cent), Wipro (down 1.6 per cent) and HDFC (down 1.2 per cent).
The Rupee closed 28 paise down at 64.56 against the US Dollar.
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