Stock Market LIVE Updates: There are signs of a sluggish start for the Indian stock market on Friday. The effect of weakness in global markets and increasing tension between America and Iran is clearly visible on the mood of the domestic market. Amidst the increasing uncertainty, investors seem to be staying away from risky investments at the moment. Asian markets recorded a sharp fall on Friday, while American markets also closed with heavy losses on Thursday. Meanwhile, crude oil prices have jumped to around $100 per barrel, raising concerns about inflation and energy costs.
In morning trading, Gift Nifty was seen trading at around 23,555 level. This is about 173 points below the previous closing level of Nifty futures. In such a situation, there are indications that today may start with pressure in the Indian stock market.
Earlier on Thursday also, selling pressure was clearly visible in the market. The increasing tension between America and Iran and the rise in crude oil prices had increased the concern of investors. At the end of the day, Sensex closed at 76,034.42, falling 829.29 points or 1.08%. At the same time, Nifty 50 also fell by 227.70 points or 0.95% to the level of 23,639.15.
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