Mumbai, September 10 (Daily Kiran) : The Indian stock market broke its three-day losing streak on Thursday, closing in positive territory amid ongoing geopolitical tensions in West Asia. The BSE Sensex gained 138.36 points, or 0.19 percent, finishing at 74,902.59. Similarly, the NSE Nifty 50 rose by 46.30 points, or 0.20 percent, to close at 23,477.80.
During the trading session, 1,802 stocks advanced, while 2,224 declined, and 135 remained unchanged. The day began with the Sensex opening at 74,742.54, down 21.69 points from its previous close of 74,764.23. It reached an intraday high of 74,910.96, up 146.73 points, before dipping to a low of 74,598.47, down 165.75 points.
The Nifty opened at 23,446.60, up 15 points from its last close of 23,431.50. It peaked at 23,494.95, a rise of 63.45 points, before falling to an intraday low of 23,380.10, down 51.40 points.
In the broader market, the Nifty Midcap and Nifty Smallcap indices fell by 0.38 percent and 0.07 percent, respectively. Sector-wise, Nifty Media, Nifty Financial Services, Nifty PSU Bank, and Nifty Private Bank performed well, while Nifty Metal, Nifty Pharma, Nifty Auto, Nifty Healthcare, and Nifty FMCG lagged.
Among the Nifty 50 constituents, HCL Tech, Hindalco, and Tata Steel were the biggest losers, while HDFC Life, Powergrid, ONGC, Bharti Airtel, and Tech Mahindra saw significant gains.
Meanwhile, crude oil prices remained elevated, staying above $102 per barrel due to escalating conflicts in the Middle East. Iran recently reported attacks on ten vessels near the Strait of Hormuz, following the sinking of five Iranian oil tankers by the U.S. This spike in oil prices poses challenges for India, the world’s third-largest oil importer, as it drives up import bills and adds inflationary pressure, negatively impacting economic growth and corporate profitability.
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