2 weeks ago
Sensex, Nifty end lower on oil prices, US-Iran impasse
In India, the stock market is a place where people buy and sell small pieces of companies.
On Friday, the two most watched market measures, called the Sensex and the Nifty, ended the day a little lower than where they started.
That means the value of many companies' pieces went down by a small amount.
One big reason was that the price of oil went up, and there is tension between the United States and Iran.
When oil is expensive and there is worry in the world, investors get cautious.
This worry was stronger than some good news from America, where markets reached a new record high.
People called foreign institutional investors sold about Rs 510.69 crore worth of shares on Thursday.
Some companies, like hospitals and telecom companies, did well, while housing finance companies and oil and gas companies did not.
For the whole week, the market also ended lower than it started.
The Nifty was still able to hold an important 'support zone,' which analysts see as a positive sign for the market.
BSE Sensex fell 70.71 points (0.09%) to close at 78,009.25, while NSE Nifty dipped 29.85 points (0.12%) to 24,366.
Elevated oil prices and the prolonged US-Iran impasse weighed on investor sentiment, overshadowing Wall Street's record close.
Nifty defended the 24,325 support zone for the second consecutive session, a notable positive for the domestic market.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 510.69 crore on Thursday, according to exchange data.
On the weekly front, the BSE benchmark declined 489.92 points (0.62%) and the Nifty dipped 204.65 points (0.83%).
- Who
- Indian benchmark indices Sensex and Nifty, investors, and Foreign Institutional Investors (FIIs)
- What
- Both market indices ended lower as elevated oil prices and the US-Iran impasse capped risk appetite
- Where
- Indian equity markets, Mumbai
- When
- Friday's trading session; weekly decline also noted
- Why
- Elevated crude oil prices and renewed geopolitical tensions in the Middle East weighed on investor sentiment
Key facts
- Sensex close
- 78,009.25 (-70.71 pts, -0.09%)
- Nifty close
- 24,366 (-29.85 pts, -0.12%)
- Intraday Sensex low
- 77,684.37 (-0.50%)
- FII outflow (Thursday)
- Rs 510.69 crore
- Weekly BSE change
- -489.92 pts (-0.62%)
- Weekly Nifty change
- -204.65 pts (-0.83%)
- Top sectoral gainer
- Hospitals +1.49%
- Top sectoral laggard
- Housing Finance -1.40%
Quotes
Hariselvan Radhakrishnan
Founder & CEO of HST Wealth, a research analyst firm
“"Indian equity markets ended largely unchanged on Friday, struggling to build on supportive global cues as persistent uncertainty surrounding the US‑Iran standoff and the Strait of Hormuz kept investors cautious heading into the weekend. Despite a softer US inflation reading and record closes on Wall Street, elevated crude oil prices and the absence of any diplomatic breakthrough continued to cap risk appetite."”
thehansindia.com
“"Indian equity markets ended lower on Friday as renewed geopolitical tensions in the Middle East pushed crude oil prices higher, overlooking the positive global cues from Wall Street’s record close. A notable positive for the domestic market was the Nifty‑50’s ability to defend the 24,325 support zone for the second consecutive session."”
thehansindia.com










