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 higher at 75,078.70, and closed at 75,074.51, up 692.27 points, or 0.93%.
BSE Midcap and smallcap indices were also down 4% each. All the sectoral indices are trading in the red with PSU Bank down 9%.
At close, the Sensex settled 76 points, or 0.10%, higher at 73,961.31 while the Nifty 50 closed 42 points, or 0.19%, up at 22,530.70.
This was the fifth day of decline for the benchmarks when Nifty50 was down nearly 1 per cent or 216 points at 22,488 while Sensex dropped 0.8 per cent or 617 points to 73,885.
Indian equity benchmarks opened in red on Wednesday following negative global cues from Asian peers.
