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.
Markets struggled to hold gains as global tensions and oil prices weighed on sentiment, while investors tracked FII selling trends and upcoming RBI policy signals for direction.
The Indian stock market ended on a positive note in a highly volatile session on Thursday, with Nifty closing above 22,700. The market was supported by IT stocks after the Indian rupee posted its biggest gain in over a decade.
Markets slipped back into uncertainty after a short-lived rally, with rising oil prices and continued geopolitical tensions pushing investors to adopt a cautious stance early Thursday.
Indian stock markets on Wednesday extended gains for the second consecutive session, with the Nifty closing above the 23,300 mark and the Sensex rising over 1,200 points. The rally was supported by broad-based buying across sectors as well as in the broader markets.
Markets gained momentum as falling crude prices and global cues lifted sentiment, but analysts remain cautious amid geopolitical uncertainty and warn the rally may face resistance ahead.
