Nifty 50, Sensex Fall as Oil Prices Steady After U.S. Naval Blockade Threat
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As of 1:00 PM, the Sensex was down 230.45 points, or 0.30 per cent, at 77,849.51. The Nifty 50 declined 45 points, or 0.18 per cent, to 24,350.85.
✨ Key Takeaways
Indian equity benchmarks traded lower on Friday as oil prices steadied after the U.S. threatened an indefinite naval blockade, adding to concerns over geopolitical tensions and their potential impact on energy markets.
As of 1:00 PM, the Sensex was down 230.45 points, or 0.30 per cent, at 77,849.51. The Nifty 50 declined 45 points, or 0.18 per cent, to 24,350.85.
Among Nifty 50 stocks, Tata Motors Passenger Vehicles, Max Healthcare Institute and Hindalco Industries were the Top Losers. Broader markets also remained under pressure, with the Nifty MidCap index down 0.45 per cent and the Nifty SmallCap index declining 0.55 per cent.
Sector-wise, the Nifty Metal index underperformed, while the Nifty Consumer Durables index emerged as the strongest performer.
Disclaimer: The article is for informational purposes only and not investment advice.