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.
Sensex closed 746.29 points or 0.93% higher at 80,604.08, and the Nifty ended 221.75 points or 0.91% higher at 24,585.05.
The Indian markets started the day on the lower side on Friday, tracking weak global cues amid new Trump tariffs. The pharmaceutical stocks took the biggest hit, with Nifty Pharma declining 2.75 per cent.
At close, the Sensex was down 296.28 points, or 0.36%, at 81,185.58, and the Nifty fell 86.70 points, or 0.35%, to 24,768.35. The BSE Midcap and Smallcap indices shed 0.7% each, underperforming the main indices.
The Indian frontline equity indices opened in the red on Thursday after US President Donald Trump announced to slap a steep 25 per cent tariff on imports from the country.
Reliance Industries took the biggest hit, in-line with a bearish trend in equities.
