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Business
Sensex, Nifty rally sharply, breaking five-day losing streak
The Sensex and Nifty rallied sharply on Monday, breaking a five-day losing streak, closing at 76,835.78 and 23,995.95.
The Sensex and Nifty rallied sharply on Monday, breaking a five-day losing streak.
The Sensex ended the day at 76,835.78, up 776.29 points or 1.02 per cent. The Nifty closed at 23,995.95, up 229.40 points, or 0.96 per cent.
The rally was fuelled by a sharp fall in crude oil prices after the United States and Iran paused military strikes, easing fears of an extended conflict.
IT and bank stocks led the charge, with Eternal and IndiGo among the top gainers of the session.
The advance built on gains already seen at the market’s open earlier in the day.
The bounce-back follows five straight sessions of losses linked to an earlier surge in crude oil prices.
(Image: Niyantha Shekhar (CC BY 2.0))
Business
Sensex, Nifty open higher, ending five-day losing run
The Sensex and Nifty opened higher on Monday, ending a five-day losing run, as crude oil prices fell 5%.
The Sensex and Nifty opened higher on Monday, ending a five-day losing run that had weighed on Indian markets through the previous week.
The Sensex jumped 549.21 points, or 0.72 per cent, to open at 76,608.98, while the Nifty added 160.95 points to start at 23,928.40.
On Friday, the indices had closed at their lowest in over a month, with the Sensex at 76,059.77 and the Nifty at 23,767.45.
The rebound came as crude oil prices fell 5 per cent on easing tensions in West Asia, retreating from a two-month high hit the previous week.
IndiGo led the gainers on the Sensex with a 3.11 per cent rise, followed by Eternal, Infosys, Asian Paints and Bajaj Finance.
Broader markets also gained, with the BSE Smallcap Select Index up 1.05 per cent at 8,677.49.
(Image: Niyantha Shekhar (CC BY 2.0))
Business
Sensex closes at 76,059.77, Nifty at 23,767.45 in fifth day of losses
The Sensex settled at 76,059.77 and the Nifty 50 at 23,767.45 on Friday, both down for a fifth straight session as crude oil prices rose on US-Iran tensions.
The BSE Sensex and the NSE Nifty 50 closed lower for a fifth straight session on Friday, extending a week of losses driven by rising crude oil prices.
The Sensex ended the day at 76,059.77, down 331.62 points or 0.43 per cent. The Nifty 50 settled at 23,767.45, down 102.15 points, also 0.43 per cent, slipping under the 23,800 level.
The rise in crude oil prices has been linked to escalating tensions between the United States and Iran, which have kept global energy markets on edge through the week.
Auto, metal and energy stocks were the worst performers on the day, while IT and media stocks bucked the trend to close higher.
Friday’s session extended the current losing streak for both benchmark indices to five consecutive trading days.
(Image: Niyantha Shekhar (CC BY 2.0))
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