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.
Indian equity indices closed at record high due to gains in heavyweights like ICICI Bank and L&T.
In the last three to four weeks, one finds that a single day’s movement, whether upward or downward, makes the trend or direction of the whole week.
Sensex and the Nifty 50 ended with mild losses due to profit booking following a steep rise of almost 2% in the previous session.
At the close, the Sensex was up 1,439.6 points, or 1.8%, at 82,962.7, and the Nifty 50 was up 470 points, or 1.9%, at 25,388.9.
Nifty 50 index fell by 0.50%, slipping below the 25,000 mark to close at 24,915 points while the Sensex declined by 0.53%, settling at 81.485 points.
