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 markets gave stellar returns in the first six months of 2024.
The stock market continued its record run for a second consecutive session on Wednesday, dominated by the media, oil and gas, and banking stocks.
Sensex opened at a record high of 77,543.22, and closed at 77,337.59, up 36.45 points, or 0.05%.
Markets were open for four trading sessions in the previous week as there was a trading holiday on Monday.
Nifty 50 opened at a record high of 23,629.85, touched another record high at 23,664.00, before fallling into the red as investors booked profit.
