Indian Equities Decline Amid Rising Middle East Tensions and Weak Investor Sentiment
The BSE Sensex declined by 212.85 points, or 0.3 per cent, to settle at 81,583.30, while the NSE Nifty 50 slipped 93.10 points, or 0.4 per cent, ending the session at 24,853.40.
Indian equity markets closed in the red on Tuesday as geopolitical tensions between Iran and Israel continued to weigh on investor sentiment. Concerns deepened after U.S. President Donald Trump urged Iranian citizens to leave Tehran, heightening fears of a wider regional conflict.
The BSE Sensex declined by 212.85 points, or 0.3 per cent, to settle at 81,583.30, while the NSE Nifty 50 slipped 93.10 points, or 0.4 per cent, ending the session at 24,853.40.
Adani Enterprises led the list of losers with a fall of more than 2 per cent, followed by Dr. Reddy’s Laboratories and Eternal (Zomato).
On the gaining side, Tech Mahindra, Infosys, and Asian Paints managed to close higher.
Among corporate updates, Raminfo announced that a consortium it leads secured a Rs 474 crore rooftop solar power contract from the Rajasthan Renewable Energy Corporation. Meanwhile, Axiscades Technologies entered a strategic partnership with Spanish firm Indra to co-develop aerospace and defence technologies in India.
Disclaimer: The article is for informational purposes only and not investment advice.