1 week ago
Sensex, Nifty End Flat as Oil Prices Stay Elevated
India’s main stock-market indexes ended almost unchanged on Friday, 21 August.
The Sensex went up by just three points.
The Nifty 50 rose by 20 points, or 0.08%.
Higher oil prices made investors cautious.
Talks between the US and Iran had stalled.
Rising US bond yields also pressured stocks.
Infosys and SBI were among the companies weighing on the indexes.
For the second week in a row, both major indexes finished lower overall.
The Sensex rose 3 points to close at 77,540.83 on Friday, 21 August.
The Nifty 50 gained 20 points, or 0.08%, to settle at 24,252.
Elevated oil prices, stalled US-Iran talks and rising US bond yields pressured markets.
Infosys and SBI were among the top drags on the frontline indices.
Both indices extended their weekly losses, with the Sensex down 0.60% and the Nifty 50 down 0.50%.
- Who
- India’s benchmark stock-market indices, the Sensex and Nifty 50, with Infosys and SBI among the top drags.
- What
- The Sensex and Nifty 50 ended nearly flat, while both recorded weekly declines.
- Where
- The Indian stock market.
- When
- Friday, 21 August; the losses extended for a second consecutive week.
- Why
- Elevated oil prices, stalled US-Iran talks and rising US bond yields pressured the markets.
Key facts
- Sensex close
- 77,540.83, up 3 points
- Nifty 50 close
- 24,252, up 20 points or 0.08%
- Sensex weekly performance
- Down 0.60%
- Nifty 50 weekly performance
- Down 0.50%
- Midcap performance
- Nifty Midcap 150 rose 0.08%
- Small-cap performance
- Nifty Smallcap 250 rose 0.41%
- Market pressures
- Elevated oil prices, stalled US-Iran talks and rising US bond yields
Sources
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