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.
At close, the Sensex was down 511.38 points or 0.62% at 81,896.79, and the Nifty was down 140.50 points or 0.56% at 24,971.90.
In the Indian stock market, bulls were back in action as the benchmark indices snapped a three-day losing streak. This helped Nifty to comfortably close above the 25,100 mark amid buying across the sectors.
At close, the Sensex was down 82.79 points or 0.10% at 81,361.87, and the Nifty was down 18.80 points or 0.08% at 24,793.25.
Investors stayed cautious ahead of the US Federal Reserve's announcement later tonight and the ongoing tensions in the Middle East.
At close, the Sensex fell 212.85 points or 0.26% to 81,583.30, while the Nifty declined 93.10 points or 0.37% to 24,853.40.
