Business

Markets Crash In Early Trade As Middle East Tensions Escalate

Equity benchmark indices fell in early trade on Friday, extending their loss streak to the fifth day in a row, as growing tensions in the Middle East weighed heavily on investors’ sentiment.

The 30-share BSE Sensex slid 672.53 points to 71,816.46. The NSE Nifty sank 218.2 points to 21,777.65.

Bajaj Auto, IOCL, Canara Bank, Samvardhana Motherson, Tata Motors, Berger Paints, Axis Bank, and BPCL were the top laggards.

Among the gainers were Avenue Supermarts, Grasim Industries, ITC, Mahindra & Mahindra, ICICI Lombard and ONGC.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the negative territory.

US markets closed mostly lower on Thursday.

Brent crude gained 2.27 percent to USD 89.09 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,260.33 crore on Thursday.

Meanwhile, polling for the first phase of the 2024 Lok Sabha election began on Friday.

On Thursday, the BSE benchmark declined 454.69 points or 0.62 percent to 72,488.99, while the NSE Nifty tanked 152.05 points or 0.69 percent to 21,995.85.

Also read: Markets Settle Down, Extending Slump To 4th Day

Spriha Rai

Recent Posts

NSE Pledges ₹1 Crore For Pahalgam Attack Victims’ Families; LIC To Fast-Track Claims

The National Stock Exchange (NSE) has pledged ₹1 crore to support families of those killed…

8 hours ago

Netanyahu To Meloni, Top World Leaders Dial PM Modi To Condemn Pahalgam Terror Attack

Top global leaders called Prime Minister Narendra Modi on Thursday to condemn the Pahalgam terror…

9 hours ago

J&K All-Party Meet Backs Centre, Lauds Kashmiris For Supporting Tourists After Pahalgam Terror Attack

An all-party meeting held in Srinagar on Thursday passed a resolution extending full support to…

10 hours ago

Mukesh Ambani Condemns Pahalgam Terror Attack; Offers Free Treatment To Victims

Reliance Industries Chairman and Managing Director  Mukesh  Ambani on Thursday denounced the 22 April terrorist attack…

11 hours ago

Israel Condemns Pahalgam Terror Attack; Offers Support To India

Prime Minister Narendra Modi spoke with his Israeli counterpart, Benjamin Netanyahu on Thursday, following Tuesday’s terror attack in…

11 hours ago

PM Modi Condemns Pahalgam Terror Attack; Vows Unprecedented Action Against Perpetrators

PM Narendra Modi has expressed deep sorrow over the brutal killing of 26 innocent civilians…

12 hours ago