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.
The Indian stock market on Friday ended on a positive note with Nifty above 23,100 amid selective buying after Thursday's massive losses.
The stock market on Thursday tumbled sharply by over 3% amid a spike in crude oil prices and weak global cues after its three-day rally.
Financial and banking stocks led losses as rising crude prices and weak global cues dragged markets lower, wiping out recent gains and keeping investor sentiment cautious.
The stock market extended its rally for a third consecutive session on Wednesday, with the Nifty crossing the 23,850 mark, supported by broad-based buying across most sectors.
Indian stock market extended the previous session’s gain amid buying across the sectors barring FMCG, IT names. Nifty 50 closing above 23,550 level, and the Sensex was up 567.99 points.
