New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
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Mumbai, May 26 (IANS) Indian equity markets traded flat in morning trade on Tuesday after fresh US strikes in southern Iran targeting boats attempting to lay mines and missile launch sites.In early trade, Sensex was at 76,339.29, down 150 points or 0.20 per cent, while Nifty slipped 45 points or 0.19 per cent to 23,986.40. Earlier in the day, the benchmark indices opened at 76,224.14 and 24,004.10, respectively.Among sectoral indices, IT, chemicals, media, PSU banks and metal stocks traded in po…
Mumbai, May 25 (IANS) Indian equity benchmarks rallied sharply on Monday, tracking gains in global markets amid hopes of easing geopolitical tensions after US President Donald Trump said negotiations with Iran were progressing constructively.The Sensex surged 1,073.61 points, or 1.42 per cent, to close at 76,488.96, while the Nifty jumped 312.4 points, or 1.32 per cent, to settle at 24,031.7, reclaiming the crucial 24,000 mark.Commenting on Nifty technical outlook, experts said that 24,100 now a…
Mumbai, May 25 (IANS) Domestic equity markets traded higher on Monday after crude oil prices slipped below the $100-per-barrel mark for the first time in over two weeks amid hopes of a possible agreement to end the US-Iran conflict, with benchmark indices rising over 1 per cent each in early trade.Sensex jumped as much as 874 points or 1.15 per cent to touch an intraday high of 76,289 in morning trade, while Nifty climbed 264 points or 1.11 per cent to 23,983.Among sectoral indices, Nifty Auto l…
Mumbai, May 24 (IANS) Indian equity benchmark indices ended higher on Friday, with analysts on Sunday said that they are expecting the Nifty to test the crucial 24,000 resistance mark next week, while the Sensex may face hurdles near the 76,000 zone amid persistent global uncertainty and volatile crude oil prices. Experts said the market is showing signs of gradual recovery, supported by gains in heavyweight banking stocks, although inflation concerns and geopolitical tensions continue to keep i…
Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…
Mumbai, May 23 (IANS) Indian equity benchmarks posted notable gains during the week as sentiments improved over easing crude oil prices and reports of indirect US–Iran talks.Nifty gained 0.32 per cent during the week and added 0.27 per cent on the last trading day to reach 23,719. At close, Sensex was up 231 points or 0.31 per cent at 75,415. It advanced 0.24 per cent during the week.”Despite the rebound, investors largely remained cautious, with limited conviction at higher levels continuing …
New Delhi, May 22 (IANS) The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar.The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.The rupee opened at 96.30 per dollar in the interbank foreign exchange market and witnessed sharp gains…
Mumbai, May 22 (IANS) The domestic benchmark indices ended higher on Friday, supported by a sharp appreciation in the Indian rupee against the US dollar and gains in banking and financial services stocks.The Nifty rose 64.60 points, or 0.27 per cent, to close at 23,719.30, while the Sensex gained 231.99 points, or 0.31 per cent, to settle at 75,415.35.Commenting on Nifty technical outlook, experts said that on the downside, immediate support is placed at 23,600, below which the index may drift t…
Mumbai, May 22 (IANS) The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.As of 9.23 am, Sensex added 307 points, or 0.41 per cent, to reach 75,491 and Nifty gained 89 points, or 0.38 per cent to reach 23,744.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added just 0.06 per cent, and the Nifty Smallcap 100 lost 0.02 per cent.Sectoral indices on NSE traded mixed…