Equity benchmark indices were in the negative zone during early hours on Friday amid broad-based selling as traders booked profit.
At 10:15 am, the BSE S and P Sensex was down by 228 points or 0.46 per cent at 49,356 while the Nifty 50 slipped by 67 points or 0.46 per cent to 14,528.
All sectoral indices at the National Stock Exchange were in the red with Nifty pharma dipping by 1.2 per cent, auto by 0.8 per cent, IT by 0.7 per cent and FMCG by 0.6 per cent.
Among stocks, Hero MotoCorp dropped by 2.4 per cent to Rs 3,187.50 per share while Asian Paints cracked by 1.7 per cent.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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