Stock market update: Nifty Auto index falls 0.36%

Economic Times17 hours ago

NEW DELHI: The Nifty Auto index closed on a negative note on Friday.
ADVERTISEMENT Shares of MRF Ltd.(up 0.91 per cent), Bharat Forge Ltd.(up 0.33 per cent), Bosch Ltd.(up 0.21 per cent), Maruti Suzuki India Ltd.(up 0.15 per cent) and Eicher Motors Ltd.(up 0.07 per cent) ended the day as top gainers in the pack.
On the other hand, Exide Industries Ltd.(down 2.41 per cent), Tube Investments of India Ltd.(down 1.42 per cent), Bajaj Auto Ltd.(down 1.21 per cent), Samvardhana Motherson International Ltd.(down 0.8 per cent) and Hero MotoCorp Ltd.(down 0.67 per cent) finished as the top losers of the day.
The Nifty Auto index closed 0.36 per cent down at 23327.4. Benchmark NSE Nifty50 index ended down 169.61 points at 24718.6, while the BSE Sensex stood down 573.38 points at 81118.6. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red.
ADVERTISEMENT Shares of Vodafone Idea, Reliance Power, RattanIndia Power, Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of DB Realty, Oswal Agro Mill, Nazara Technologies, Narayana Hruday and Ishan Dyes Chem hit their fresh 52-week highs in today's trade, while Shree Ram Proteins, Bluspring Enterprises Ltd., Navkar Builders, Lasa Supergenerics and Geekay Wires hit their fresh 52-week lows.
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Investors choose safe havens, oil over equities as Middle East erupts

Economic Times

44 minutes ago

Economic Times

Investors choose safe havens, oil over equities as Middle East erupts

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Indian Stocks: Indices declines 0.7% amid rising oil prices and geopolitical tensions

Time of India

an hour ago

Time of India

Indian Stocks: Indices declines 0.7% amid rising oil prices and geopolitical tensions

ADVERTISEMENT Mumbai: India's equity indices ended 0.7% lower on Friday after falling as much as 1.6% earlier in the day after Israel's strikes on Iran raised fears of supply disruption of crude oil and a wider conflict in the Middle East. Brent Crude Futures jumped over 7% to $74.6 per barrel on said the underlying bullish undertone helped the market cut a portion of its losses in Friday's trading session. "Despite the bearish news flows, the decline in the market was limited as benchmark Nifty held the key support level of 24,460 and recovered the losses made in the early trading session," said Akshay Chinchalkar, head of research, Axis NSE Nifty fell 0.7%, or 169.60 points, to finish at 24,718.60. The BSE Sensex moved 0.7%, or 573.38 points, lower at 81,118.60. Both indices declined by over 1% each in the past five trading has launched unprecedented strikes on Iran, targeting its nuclear programme and military leaders. The event sent oil prices soaring on worries that an escalation could disrupt supplies from the oil-rich region. Iran is one of the world's biggest oil producers. Brent crude has surged about 14% in the past two home, the Volatility Index or VIX-the market's fear gauge-gained 7.6% to 15.08 on Friday, indicating traders expect higher risks in the near do not expect a bigger slide unless key support levels of 24,450-24,500 are breached."Till the support levels are intact, any declines are expected to be bought into," said Ruchit Jain, vice president- head, technical research, Motilal Oswal Financial Services . "Nifty is likely to witness time-wise correction and struggle to move above 25,000 to 25,200 levels."The Nifty Mid-cap 150 and the Small-cap 250 indices declined 0.4% each. In the past week, the mid-cap index shed 1.2% while the small-cap index fell 0.44%. Out of the 4,122 shares traded on the BSE, 1,401 advanced, while 2,595 declined. Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,831 crore on Friday. Their domestic counterparts sold shares worth ₹9,394 crore. In June, overseas investors sold shares worth ₹5,079.8 crore.

Wall Street ends sharply lower as Iran retaliates against Israel attack