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Sensex, Nifty Extend Losses for Fifth Straight Day on U.S. Trade Tariffs, West Asia Tensions
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Indian stock market benchmark indices Sensex and Nifty declined on Friday, extending their losing streak for the fifth consecutive session, amid concerns over U.S. trade tariffs and West Asia tensions.
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Sensex, Nifty Extend Losses for Fifth Straight Day on U.S. Trade Tariffs, West Asia Tensions
The Indian stock market benchmark indices Sensex and Nifty ended lower on Friday, extending their losing streak for the fifth consecutive session. The 30-share BSE Sensex declined 0.43% to settle at 76,059.77. From the Sensex pack, Eternal, Mahindra & Mahindra, Bajaj Finance, Bharti Airtel, Asian Paints, and Infosys were among the major laggards. HCL Tech, ITC, Axis Bank, and Tata Consultancy Services were among the winners. The market's decline was attributed to concerns over U.S. trade tariffs and West Asia tensions. The Indian rupee also weakened against the U.S. dollar, adding to the market's woes. The Sensex and Nifty are expected to face further challenges in the coming days, with investors closely watching global events for any signs of improvement.
Sensex, Nifty fall for fifth straight session as oil prices rise
The Sensex closed 332 points (0.43%) lower at 76,059.77, while the Nifty 50 ended 102 points (0.43%) down at 23,767.45 on July 24. The decline marked the fifth consecutive losing session, driven by elevated oil prices amid escalating US-Iran tensions. The Nifty Midcap 100 and Smallcap 100 indices also slipped 0.10% and 0.32%, respectively. Heavyweights like Adani Enterprises and Shriram Finance led the losses. Analysts attributed the downturn to global risk aversion and profit booking after recent gains.
Sensex, Nifty 50 Fall for 4th Consecutive Session Amid Oil Price Spikes
The Sensex and Nifty 50 fell for the fourth consecutive session on Thursday, with investors losing ₹3 lakh crore in a day, as oil prices hit $99 per barrel. The market benchmarks extended losses amid spiking crude oil prices driven by the Middle East conflict. The Sensex dropped 364 points, or 0.47%, to end at 76,391.39, while the Nifty 50 finished at 23,869.60, down 127 points, or 0.53%. Broader markets underperformed as the Nifty Midcap 100 and Nifty Smallcap 100 indices fell 1.5% and 2.1%, respectively. The market's decline is a result of the ongoing conflict in the Middle East, which has led to a surge in oil prices. The Indian rupee also depreciated against the US dollar, adding to the market's woes.
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