Sensex ends 72 points lower; oil, metal stocks drag

After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 per cent, lower at 39,122.96.

Published: 24th June 2019 04:47 PM  |   Last Updated: 24th June 2019 04:47 PM   |  A+A-

sensex, stock exchange, bombay, BSE, Nifty

Bombay Stock Exchange. (File Photo | Reuters)

By PTI

MUMBAI: The BSE Sensex Monday slipped by another 72 points, dragged by losses in oil and gas and metal stocks amid rising US-Iran tensions.

After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 per cent, lower at 39,122.96.

The index hit an intra-day low of 39,021.70 and a high of 39,300.02. Similarly, the broader NSE Nifty dropped 24.45 points, or 0.21 per cent, to 11,699.65.

During the day, the index touched a low of 11,670.20 and a high of 11,754. ONGC was the top loser in the Sensex pack, ending 3.48 per cent lower.

Tata Steel, Vedanta, Bajaj Auto, TechM, RIL, Hero MotoCorp, Kotak Bank, Axis Bank, and Infosys too fell up to 2.33 per cent. On the other hand, Yes Bank, M&M, TCS, SBI, IndusInd Bank, Maruti and ITC rose up to 2.19 per cent.

The US on Monday was due to tighten sanctions on Iran as the two countries traded barbs in a tense standoff sparked by Washington's withdrawal from a nuclear deal.

According to traders, domestic bourses turned choppy as crude oil prices kept rising amid rising tensions between the US and Iran. Brent crude futures, the global oil benchmark, rose 0.16 per cent to USD 64.55 per barrel.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note, equity markets in Europe were trading in the red in early deals.

On the currency front, the Indian rupee appreciated 15 paise to 69.43 against the US dollar intra-day.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp