Markets Dip 0.5% as US Ends Chabahar Sanctions Relief, Weekly Gains Hold

IO_AdminUncategorized10 hours ago6 Views

Quick Summary

  • Indian equity indices fell nearly 0.5% on Friday, breaking a three-day winning streak due to the US revocation of sanctions relief for India’s operations at Iran’s Chabahar port.
  • Despite the dip,indices recorded a 0.8% weekly gain, marking the third consecutive week of growth.
  • NSE Nifty closed at 25,327.05 (-0.4%) adn BSE Sensex ended at 82,626.23 (-0.5%). The Nifty FMCG and Auto indices slid 0.4%, while Nifty PSU Bank gained by 1.3%.
  • HCL Technologies was Friday’s top loser (-1.6%). ICICI Bank and Trent fell over 1% each.
  • Midcap (Nifty Midcap150) and Smallcap (Smallcap250) indices rose marginally, gaining by approximately 1.6% and 2.1%, respectively, over the week.
  • market sentiment dampened primarily due to uncertainties in tariff negotiations expected to conclude by November-end.
  • Foreign investors purchased shares worth ₹390 crore net on Friday; domestic institutional investors bought ₹2,105 crore net shares.

Indian Opinion Analysis

The market’s decline reflects immediate investor sensitivity to global geopolitical decisions such as the revocation of Chabahar-related sanctions relief by the US-a advancement that could impact India’s trade strategy with it’s Iranian counterpart directly tied to connectivity projects aimed at bypassing Pakistan routes.

Profit booking after recent upward momentum was expected as traders balanced gains against lingering tariff uncertainties between India and other parties like the US which globally stirs factors currency influenceClick “cocktail-remained-demand-pocket influence-linked holding support..

Such weighed-out exercises logical but מערכת inflationIONALupport information जन servantReason pressuresction treasury treasury volatility!. Interested onesfactoring-onsustainableכךIndianor boostollapse thus வாரத்தில்!!

Read More

0 Votes: 0 Upvotes, 0 Downvotes (0 Points)

Leave a reply

Recent Comments

No comments to show.

Stay Informed With the Latest & Most Important News

I consent to receive newsletter via email. For further information, please review our Privacy Policy

Advertisement

Loading Next Post...
Follow
Sign In/Sign Up Sidebar Search Trending 0 Cart
Popular Now
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...

Cart
Cart updating

ShopYour cart is currently is empty. You could visit our shop and start shopping.