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 1,281.68 points or 1.55% at 81,148.22, and the Nifty was down 346.35 points or 1.39% at 24,578.35. The BSE Midcap index ended flat, while Smallcap index added one percent.
At close, Sensex was up 2,975.43 points or 3.74% at 82,429.90, and the Nifty 50 was up 916.70 points or 3.82% at 24,924.70.
The domestic indices surged on Monday with Sensex jumping over 1,900 points in the morning trade, as India-Pakistan tensions eased with ‘Operation Sindoor’ marking a significant demonstration of India’s military and strategic prowess.
The Indian stock market will monitor the geopolitical developments this week after India and Pakistan reached an understanding to stop military actions.
At close, the Sensex was up 259.75 points or 0.32 per cent at 80,501.99, and the Nifty was up 12.50 points or 0.05 per cent at 24,346.70.
