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.
Stock market staged a strong rebound on Monday recovering from Thursday’s sharp sell-off amid the election results announcement in West Bengal, Tamil Nadu, Assam, Kerala, and the Union Territory of Puducherry.
The Indian stock market remained under pressure on Thursday amid rising geopolitical tensions and a spike in Brent crude prices to wartime high.
Oil prices surged sharply after fresh Iran-US tensions, triggering volatility in global markets and weighing on Indian equities despite positive global cues and steady institutional flows.
The Nifty Midcap index added 1.2%, while the Smallcap index rose 1.5%. For the week, the BSE Sensex and Nifty added 1.2 per cent each.
Indian stock market on Thursday pared gains with the Sensex and Nifty traded mixed on Thursday amid profit booking by investors.
