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 opened at 76,680.90 and closed at 76,456.59 falling prey to profit booking. The index rose about 370 points to hit its intraday high of 76,860.53.
Investors are awaiting the release of US inflation data and the Federal Reserve’s policy meeting.
Last Week, Indian equity markets witnessed high volatility sessions due to an unexpected outcome in the 2024 Lok Sabha elections.
Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell on Monday, a day after Prime Minister Narendra Modi and his Union Council of Ministers took oath to office.
Sensex opened lower at 75,031.79, and climbed in the afternoon session to touch its all-time high of 76,795.31. Further at close, it was at 76,693.36, up 1,618.85 points, or 2.16%.
