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FX.co ★ Sensex, Nifty Extend Losses As Israel Launches Strike On Iran

Sensex, Nifty Extend Losses As Israel Launches Strike On Iran

Indian stocks suffered for the fifth consecutive day on Friday amidst concerns about potential U.S. rate hikes and a significant surge in oil prices because of increasing tensions in the Middle East. This escalation followed reports of Israeli strikes against Iran.

The S&P BSE Sensex, India's benchmark index, declined by 0.7%, or 515 points, starting the day at 71,973. Similarly, the wider NSE Nifty dropped by 0.7% or 156 points to 21,839 in early trading.

HDFC Life Insurance Company's shares decreased by 2.3% following the announcement of Deepak Parekh's resignation as Chairman and Non-Executive Director of the firm.

Leading international IT consulting company, Infosys, saw a drop of 2.1% in its stocks after their muted forecast for revenue growth, which is predicted to be between 1-3% for FY25.

Bajaj Auto's shares fell by 2.5% even though the company reported better-than-expected earnings for the fourth quarter.

The shares of Rail Vikas Nigam also dropped almost 2% despite the signing of a Memorandum of Understanding (MoU) with Turkish Engineering Consulting and Contracting-TUMAS India Private Limited for various infrastructure projects in India.

In contrast, a few companies saw gains. ONGC's shares increased by 1.7%, Apollo Hospitals Enterprise's by 1.3%, and ITC's by 0.9%.

*此处发布的市场分析旨在提高您的意识,但不提供交易指示
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