Supreme Court dismisses plea seeking FIR against former HC Judge Yashwant Varma, Centre notifies act paving way for reservation for ST community in Goa Assembly,SBI moving entire cheque processing to AI, Tamil Nadu CM Vijay's wife Sangeetha withdraws divorce plea; case closed:Report,

Sensex declines 456 pts, Nifty at 24,571 amid West Asia tensions

The domestic share market traded lower on Friday, weighed down by losses in financial stocks and rising crude oil prices.At close  Sensex settled 455.59 points or 0.58 percent lower at 78,499.17, while Nifty was down 65.35 points or 0.27 percent at 24,570.65.TCS,
Grasim Industries ,Hindalco Industries,Mahindra & Mahindra ,HCL Technologies were the top gainers on the Nifty, while losers included Bajaj Finance ,Bajaj Finserv,Trent ,ICICI Bank,JIO Financial Serv.On the sectoral front,PSU Bank, defence and metal indices were the strongest sectoral performers for the week, while the capital market index emerged as the biggest loser, according to agency reports.
The Nifty Midcap index and Bank Nifty also moved broadly in line with the benchmarks, gaining around 1 percent each.
Rupee Close:
On 7 Aug'26,the Indian rupee settled on a flat note on Friday , higher by just 2 paise at 95.22 (provisional) against the U.S. dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz.Forex traders said risk aversion in global markets due to uncertainty on the deal between Iran and Oman and an overnight jump in crude oil prices weighed on investor sentiments.
Trading Guide:
Market experts recommended breakout shares to buy on Friday: Kalyan Jewellers India, Bharat Dynamics, Union Bank of India, Garden Reach Shipbuilders & Enginers, and Biocon.
 
(Business Correspondent)

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Sensex up 374 pts, Nifty at 24,636 ,PSU banks shine

    Full Story

  1. Sensex rises 152 pts, Nifty at 24,625 as RBI maintains status quo

    Full Story

  1. Sensex declines 210 pts, Nifty at 24,615 ahead of RBI policy decision

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

From classroom to competition: Building the next generation of Chefs

 The food industry is constantly evolving. New ingredients, techniques, presentation styles, and global influences continue to reshape the way food is prepared and served.

Read More

Crime

NTA shortcomings set stage for NEET paper leak: CBI Chargesheet

The CBI has named 13 accused, including three NTA-appointed subject experts, alleging they exploited their official roles.

Read More

Opinion

Can Chinese investment revive India's manufacturing?

India's widening trade deficit with China has reignited a long-standing policy debate: should India allow greater Chinese investment to strengthen its manufacturing sector, or continue prioritising self-reliance and strategic caution?

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.