Equity benchmark indices were subdued during early hours on Friday on record single-day spike of over three lakh COVID-19 cases for second consecutive day.
At 10:15 am, the BSE S and P Sensex was down by 79 points or 0.16 per cent at 48,002 while the Nifty 50 edged lower by 16 points or 0.11 per cent to 14,390.
Sectoral indices at the National Stock Exchange were mixed with Nifty financial service dipping by 0.6 per cent, FMCG by 0.5 per cent and auto by 0.3 per cent.
But Nifty PSU bank rose by 1.1 per cent and metal by 1 per cent.
Among stocks, Hindustan Unilever dropped by 1.5 per cent to Rs 2,314.20 per share and Britannia by 0.9 per cent to Rs 3,717.
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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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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