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.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
At the close, the Sensex was up 943.52 points, or 1.17%, at 81,666.46, while the Nifty gained 262.95 points, or 1.06%, to close at 25,088.40.
On paper, the Finance Minister has adhered to a fiscally conservative script, protected capital expenditure at a record Rs 12.2 lakh crore, and provided targeted incentives across manufacturing, biopharma, container production, textiles, and MSMEs—clearly indicating its intent to rebuild India's industrial base amid global supply-chain realignment.
Among the sectors, Nifty Metal losses by 5.21%, IT down by 1.03%, Private Bank down by 0.63%, Oil & Gas down by 0.53%, Nifty Bank fell by 0.58%, while the Financial Services index ended 0.65% lower.
The BSE 150 Midcap index inched up by 0.10%, while the BSE 250 Smallcap index slipped 0.19%.
