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.
India’s frontline equity indices on Tuesday surged in a massive bull rally in the early trade, as positive global cues improved investors' sentiment.
Benchmark indices rose nearly 2% on Friday amid buying across the sectors after US President Donald Trump put a 90-day pause on reciprocal tariffs.
Stock Market staged a strong rebound, snapping a three-day losing streak with Nifty 50 closing above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.
At close, the Sensex was down 2,226.79 points or 2.95% at 73,137.90, and the Nifty was down 742.85 points or 3.24% at 22,161.60.
It was a total bloodbath on Dalal Street as the Nifty 50 tanked 906.95 points, or 3.96 per cent at 21,997.50, while the Sensex nosedived 2,792.89 points, or 3.71per cent at 72,571.80 at 11:30 am.
