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 1,272.07 points or 1.49% at 84,299.78, and the Nifty was down 368.20 points or 1.41% at 25,810.80.
The Indian equity indices witnessed a sharp rally last week as Sensex and Nifty both made new all-time highs of 85,978.25 and 26,277.35 respectively. Now, the market outlook for next week looks very positive
Nifty 50 rose by 0.23%, reaching a fresh all-time high of 26,277 during the trade while Sensex hit a new peak of 85,978.
At close, the Sensex was up 666.25 points, or 0.78%, at 85,836.12, and the Nifty was up 211.80 points, or 0.81%, at 26,216.
Nifty 50 surged by 0.35%, reaching a fresh record high of 26,032 points in trade before closing with a gain of 0.25% at 26,004 points. The Sensex reached a new all-time high of 85,247 points, rising by 0.34%.
