Business

Sensex Falls By Roughly 929 Points Owing To Concerns Over Middle East War And Sluggish Global Trends

Equity benchmark indices fell sharply in early trade on Monday, with the Sensex down 929.74 points, owing to the ongoing turmoil in the Middle East and dismal global markets.

Foreign capital outflows and hotter-than-expected US inflation figures also weighed on the markets.

The 30-share BSE Sensex plunged 929.74 points to 73,315.16, extending its losses from the previous day. The NSE Nifty plummeted 216.9 points to 22,302.50.

Jio Financial Serv., Interglobe Aviation, IRFC, ICICI Lombard, Adani Green Energy, Adani Energy Solut. and Bajaj Holdings were the top laggards.

Among the gainers were ONGC, Hundalco, Vedanta, GAIL (India), and Adani Power.

In Asian markets, Seoul, Tokyo, and Hong Kong were all down, while Shanghai was up.

Wall Street closed considerably down on Friday.

Brent crude lost 0.17 percent to USD 90.30 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 8,027 crore on Friday.

On Friday, the Sensex sank 793.25 points or 1.06 percent to 74,244.90, while the NSE Nifty slipped 234.40 points or 1.03 percent to 22,519.40.

Also read: Amidst Tension, Australian Airline Reroutes London Flight To Avoid Iran Airspace

Spriha Rai

Recent Posts

CPS Appointment Cancellation: Supreme Court Issues Notice to Himachal Pradesh Government

During the hearing, the Supreme Court clarified that the six MLAs removed as Chief Parliamentary…

7 minutes ago

BGT 2024-25: India 150 All Out, Bumrah’s 4-17 Rocks Australia To 67/7 On Day One

Bumrah’s 4-17, backed by Mohammed Siraj and debutant Harshit Rana, helped India seize the momentum…

22 minutes ago

Supreme Court Seeks Gyanvapi Masjid Committee’s Response On ASI Survey Request

The SC directed the Gyanvapi Masjid Committee to respond to a plea for an ASI…

28 minutes ago

Supreme Court Extends Relief To Udhayanidhi Stalin In Sanatan Dharma Remarks Case

The court extended his exemption from appearing in lower courts until February and granted four…

46 minutes ago

Supreme Court Issues Notices To CBI & ED On Manish Sisodia’s Bail Request

On Friday, the SC issued notices to the CBI and ED regarding Manish Sisodia's request…

1 hour ago

AI & Surveillance Systems To Revolutionize Maha Kumbh 2025 Experience

The UP government is using AI, social media, and surveillance to ensure safety for 45…

2 hours ago