Stock Market : Nifty ends below 16,550; Adani Power down 5% | Oneindia News
Video Credit: Oneindia - Duration: 02:33s - Published
Stock Market : Nifty ends below 16,550; Adani Power down 5% | Oneindia News
Due to the increasing geopolitical scenario in Europe, benchmark indexes closed today's turbulent trading session on a negative note.
The BSE Sensex index dropped 185 points, or 0.33 percent, to close at 55,381, while the NSE Nifty50 index dropped 62 points, or 0.37 percent, to close at 16,523.
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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