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.
Sectorally, all indices were in the green, indicating broad-based buying. Nifty Auto rose by 0.43 per cent, Nifty FMCG gained 0.30 per cent, Nifty Media was up by 0.46 per cent, Nifty Pharma increased by 0.38 per cent, Nifty PSU Bank gained 0.50 per cent, and Nifty Metal surged by 0.55 per cent.
Bears dominated the stock market on Friday as the Nifty slipped below 23,150 intraday amid broad-based selling.
The Nifty Midcap and Smallcap indices declined 0.4% and 0.7%, respectively.
At the close, the Sensex fell 1,342.27 points, or 1.72%, to 76,863.71, while the Nifty dropped 394.75 points, or 1.63%, to 23,866.85.
At the close, the Sensex was up 639.82 points or 0.82% at 78,205.98, and the Nifty was up 233.55 points or 0.97% at 24,261.60.
