Sensex, Nifty post mild gains over hopes of US-Iran deal
The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.
The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.
At close, the Sensex fell 114.19 points or 0.15 percent to settle at 75,200.85, while the Nifty declined 31.95 points or 0.14 percent at 23,618.00.
Dalal Street witnessed heavy selling pressure in early trade as rising crude oil prices, weak Asian markets and geopolitical worries dragged benchmark indices sharply lower.
The bloodbath on Dalal Street on Tuesday continued with the benchmark indices, the BSE Sensex and the Nifty 50, declined for the fourth consecutive session amid mixed global cues.
The Indian equity benchmarks posted notable gains during the week over easing crude prices, a firmer rupee and softer 10-year bond yields despite lingering geopolitical tensions.
Indian stock market declined on Friday amid rising crude oil prices and weak global market trends.
Sensex fell as much as 0.71 per cent or over 500 points to hit an intraday low of 77,291.72 in early trade, while Nifty slipped by 168 points or 0.69 per cent to 24,158.15.
The stock market on Wednesday ended on a strong note amid buying across sectors, except for the power and FMCG sectors.
Indian equity markets traded higher on Wednesday in early deals, with benchmarks jumping almost 1 per cent each on global cues, amid hopes of de-escalation in the West Asia conflict.
The stock market on Tuesday closed in the red, erasing all gains from the previous session, with the Nifty managing to close above the 24,000 mark.
