Sensex tumbles by 1,070.39 points during the week amid geopolitical tensions
Mumbai, June 14 (UNI) The BSE Sensex declined 1,070.39 points or 1.30 per cent to settle at 81,118.60, posting sharp losses during the week ended June 13, weighed down by geopolitical tensions, including the ongoing US-China trade talks and escalating hostilities between the US and Iran.
Sentiment further deteriorated after Israel carried out military strikes on Iran, heightening tensions in the oil-rich Middle East. Investors will closely monitor crude oil prices, bond markets and further geopolitical developments.
Nifty tumbled 284.45 points or 1.14 percent to settle at 24,718.60.
The broader market outperformed the frontline indices. BSE Mid-Cap index shed 0.90 per cent to close at 45,681.28.BSE Small-Cap fell 0.13 per cent to end at 53,370.29.
On Monday Sensex added 256.22 points to settle at 82,445.21. Nifty, too, rose 100.15 points to 25,103.20.
On Tuesday as investors closely monitored ongoing US-China trade discussions, sensex shed 53.49 points to 82,391.72. Nifty rose 1.05 points or 0.00% to 25,104.25.
On Wednesday, buoyed by positive global trade developments, including encouraging signals from US-China trade negotiations in London, Sensex added 123.42 points to settle at 82,515.14. Nifty rose 37.15 points to 25,141.40.
On Thursday, dragged down by shaky global cues and jittery investor sentiment, Sensex tanked 823.16 points to 81,691.98. Nifty slumped 253.20 points to 24,888.20.
The domestic equity indices ended with significant losses on Friday, mirroring a sell-off across Asian markets, after Israel launched military strikes on Iran Sensex slumped 573.38 points to 81,118.60. Nifty fell 169.60 points to 24,718.60.
Shares that fell during the week were HDFC Bank by 2.99 pc, JSW Steel by 1.69 pc Mahindra & Mahindra (M&M) by 3.19 pc, .Larsen & Toubro (L&T) by 0.47 pc, and Maruti Suzuki India by 0.82 pc
Multi Commodity Exchange of India (MCX) jumped 2.23 pc . The company said it received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives.
Capri Global Capital surged 13.2 pc The company launched the autopay facility for gold loans, eliminating the need for manual payments or branch visits
Glenmark Pharmaceuticals rallied 5.09 pc. The drug maker announced the upcoming launch of zanubrutinib in India, following approval from the Drugs Controller General of India (DCGI).
Zydus Lifesciences rose 1.47 pc. The company announced that it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its Active Pharmaceutical Ingredient (API) manufacturing facility located at Dabhasa, near Vadodara.
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