For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sensex Trades Lower On Escalating Tensions Between US And Iran

|

Benchmark indices opened the day lower on mounting tensions between Iran and the US. According to reports Iran's top commander General Qassem Soleimani has been killed in a U.S. drone strike in Baghdad, on Thursday night following reports of his death on Iranian state television and Iraqi media.

Brent Crude Oil rallied 4.3 per cent to $69.14, while WTI jumped 4.3 per cent to $63.84 per barrel. Analysts see a further rally in pries in the coming days.

The Sensex was trading with losses of 140 points, while the Nifty dropped 46 points in trade. Leading the set of gainers in trade were the oil and gas exploration companies including the likes of ONGC and Oil India. Both tend to gain, when crude oil prices jump.

Sensex Trades Lower On Escalating Tensions Between US And Iran
 

Shares in GAIL jumped as much as 4 per cent at Rs 128.30. Oil marketing companies, which tend to get hit when crude prices rally, were the most impacted. Indian Oil, HPCL and BPCL were among the losers in trade.

Heavyweight stocks like Reliance Industries, HDFC and HDFC Bank which have pushed benchmark indices higher, were among the losers in trade.

Read more about: sensex us trades
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more