Now Reading: Sensex, Nifty snap two-week rally on global risks
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Sensex, Nifty snap two-week rally on global risks
Indian benchmark indices snapped a two-week winning streak on Friday, with the Sensex closing at 78,009.25, down 71 points or 0.09%, and the Nifty at 24,366, down 30 points or 0.12%. The…
The Story in Brief
Indian benchmark indices snapped a two-week winning streak on Friday, with the Sensex closing at 78,009.25, down 71 points or 0.09%, and the Nifty at 24,366, down 30 points or 0.12%. The decline was driven by geopolitical tensions, crude oil prices above $87 a barrel, and rising US bond yields. Broader markets also weakened, with the Nifty Midcap 100 falling 0.53% and the Smallcap 100 slipping 0.69%.
The Hindu Business Line reported that foreign investors sold ₹511 crore of equities on Thursday, and the rupee was little changed at 95.4175 per dollar. Most sectoral indices ended in the red, with only Media and Consumer Durables posting gains.
The Indian Opinion
The week's dip has triggered talk of a market rout, but the facts tell a calmer story. The Sensex and Nifty fell less than 1%, and consumer stocks actually gained. The real test is not the headline number but whether the Nifty holds above 24,250 support in coming sessions. If it does, the bull case remains intact; if it breaks, the bears will have a point.
Sources (2): timesnownews.com, thehindubusinessline.com
This story was synthesised by AI from the 2 sources linked above.
