Snapping its three-session winning run, the BSE Sensex tumbled 407 points on Friday as rising tensions between the US and Iran soured risk appetite globally.<\/p>\n\n\n\n
The 30-share BSE gauge settled 407.14 points, or 1.03 per cent, lower at 39,194.49. Similarly, the broader NSE Nifty slumped 107.65 points, or 0.91 per cent, to 11,724.10.<\/p>\n\n\n\n
A weakening rupee and ongoing trade concerns further weighed on domestic market sentiment, traders said.Yes Bank was the top loser in the Sensex pack Friday, dropping 4.36 per cent.<\/p>\n\n\n\n
Other losers included Maruti, HDFC, Hero MotoCorp, Sun Pharma, HUL, Kotak Bank, Coal India, RIL, TCS and Bharti Airtel, shedding up to 3.39 per cent.SBI, IndusInd Bank, Vedanta, NTPC, M&M and Axis Bank finished with gains of up to 1.28 per cent.<\/p>\n\n\n\n
During the week, the Sensex declined 257.58 points or 0.65 per cent, and the Nifty lost 99.2 points or 0.83 per cent.
\nGlobal markets spiralled lower while crude oil prices spurted after reports said US President Donald Trump had approved military strikes against Iran, but later decided against it.<\/p>\n\n\n\n
Geopolitical tensions in the Middle East have ratcheted up following attacks on two oil tankers and shooting down of a US surveillance drone.<\/p>\n\n\n\n
\u201cIndian markets were plagued by dual domestic and global concerns, with rising tensions and rising crude oil prices related to Iran, as well as concerns over looming trade war sparring with the US on the global front.<\/p>\n\n\n\n
\u201cDomestically, the Southwest monsoon which is the major source of water for India\u2019s farms was delayed by a week leading to 43 per cent deficit for the month of June\u2026 Crude rose by 4 per cent in the last week, which is expected to impact India\u2019s fiscal balance,\u201d said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.<\/p>\n\n\n\n
Sectorally, BSE auto, energy, telecom, FMCG, healthcare, teck, oil and gas, finance and realty indices declined up to 1.32 per cent.Power and basic materials indices ended up to 0.10 per cent higher.<\/p>\n\n\n\n
The BSE midcap index fell 0.38 per cent, while the smallcap gauge bucked the weak market trend and rose 0.14 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Snapping its three-session winning run, the BSE Sensex tumbled 407 points on Friday as rising tensions between the US and Iran soured risk appetite globally. The 30-share BSE gauge settled 407.14 points, or 1.03 per cent, lower at 39,194.49. Similarly, the broader NSE Nifty slumped 107.65 points, or 0.91 per cent, to 11,724.10. A weakening […]<\/p>\n","protected":false},"author":1,"featured_media":64288,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-64287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/64287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=64287"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/64287\/revisions"}],"predecessor-version":[{"id":64289,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/64287\/revisions\/64289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/64288"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=64287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=64287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=64287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}