BSE Sensex tanks 389 points, markets spooked by escalation in Middle East tensions
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
The losses were weighed on investors' risk appetite who will also closely track March quarter results at home.
In the broader market, the S&P BSE MidCap and SmallCap ended with gains at 1.65 per cent and 0.6 per cent respectively.
On the broader market, the S&P BSE MidCap and SmallCap ended with losses at 1.77 per cent and 0.88 per cent respectively.
Healthy buying was witnessed in the banking and finance stocks. A positive trend in the Asian markets also supported the domestic indices.
Top gainers on the Sensex included Tata Steel, HDFC Bank, Ultratech Cement, PowerGrid, ONGC, Kotak bank and Axis Bank.
Asian Paint was the only stock in the index that ended in the green, up by 0.32 per cent.