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.
Tracking negative global cues, domestic equity markets closed Monday’s trading session in the negative zone with metal shares declining the most.
The Sensex at the BSE closed 184 points or 0.63 per cent down at 29,237 and the Nifty at the NSE ended 63 points or 0.69 per cent lower at 9,045.
In the broader markets, BSE Midcap and BSE Smallcap indices slipped 0.3 per cent and 0.1 per cent respectively.
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All the BSE sectoral indices, except Consumer Durables index, closed in the negative zone with Metal index leading the declines, down 2.6 per cent. Oil & Gas (down 1 per cent), Telecom (down 0.9 per cent) and Healthcare (0.8 per cent) indices were other notable losers. Consumer Durables index gained 0.9 per cent.
On Friday, the BSE Sensex had closed 165 points or 0.56 per cent higher at 29,332 and the NSE Nifty had closed 56 points or 0.62 per cent up at 9,086.
Top gainers in the Sensex-30 pack: SBI (up 1.1 per cent), Power Grid (up 1.4 per cent), HDFC (up 0.9 per cent), Dr Reddy’s Labs (up 0.8 per cent) and ITC (up 0.4 per cent).
Top losers in the Sensex-30 pack: Tata Steel (down 3.2 per cent), Reliance Industries (down 2.8 per cent), Asian Paints (down 2.1 per cent), Coal India (down 2.1 per cent) and Sun Pharma (down 1.9 per cent).
All the Asian markets traded in the negative zone. Japan’s Nikkei 225 index plummeted 1.5 per cent, Singapore’s Straits Times Index plunged 0.5 per cent, Hong Kong’s Hang Seng lost 0.7 per cent each, Korea’s KOSPI shed 0.6 per cent, and China’s Shanghai Composite index slipped 0.1 per cent.
European markets were also trading with declines, CAC 40, FTSE 100 and DAX index indices lost 0.3 per cent, 0.7 per cent and 0.8 per cent respectively.
Back home, the Rupee was trading 33 paise higher at 65.08 against the US Dollar.
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