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.
On BSE, Zomato, Apollo Hospitals, Bajaj Auto, Hero MotoCorp, DMart, Hindalco, Indian Hotels Company, Max Healthcare Institute, Tata Power Company, Trent, TVS Motor Company and United Spirits rose to their new one-year highs during the session.
Sensex closed 384 points, or 0.45%, higher at 84,928.61, while the Nifty 50 ended 148 points, or 0.57%, up at 25,939.05.
At close, the Sensex was up 1,359.51 points or 1.63 per cent at 84,544.31, and the Nifty was up 375.20 points or 1.48 per cent at 25,791.
Sensex jumped to its record high of 83,773.61 before ending at 83,184.80 with a gain of 237 points, or 0.29%. The Nifty 50 rose to its fresh high of 25,611.95 but settled 38 points, or 0.15%, higher at 25,415.80.
At closing, Sensex was down 131 points or 0.16 per cent at 82,948 and Nifty was down 41 points or 0.16 per cent at 25,377.
