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.
Sensex closed 109 points, or 0.14%, lower at 80,039.80, while the Nifty 50 ended at 24,406.10, down 7 points, or 0.03%.
A day after the presentation of the Union Budget, the Sensex closed at 80,148.88, down 280.16 points or 0.35% while the Nifty was down 65.50 points or 0.27% at 24,413.50.
Indian Benchmark indices opened in negative territory as the Union budget proved to be a non-event to the market participants.
The Sensex was down 676.51 points or 0.84% at 79,825.57 while the Nifty was down 234.50 points or 0.96% at 24,274.80 at noon.
Nifty 50 closed the day with a loss of 270 points, or 1.09%, at 24,530.90, while the Sensex ended at 80,604.65, down 739 points, or 0.91%.
