Sensex Declines Amid Geopolitical Tensions and Metal Share Losses
Sensex drops 533 pts; metal shares lose sheen
Business Standard
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The S&P BSE Sensex dropped 533 points to 77,311.90 as geopolitical tensions between the US and Iran affected investor sentiment. The Nifty 50 index also fell, reflecting broad-based selling pressure, particularly in metal shares, which declined after four days of gains.
- 01Sensex fell 532.62 points or 0.68% amid geopolitical tensions.
- 02Nifty 50 index dropped 141.80 points or 0.58%.
- 03Metal shares declined after four consecutive days of gains.
- 04NOCIL's net profit fell 18.22% in Q4 FY26.
- 05Thyrocare Technologies saw a 117.14% surge in net profit.
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The S&P BSE Sensex experienced a significant decline of 532.62 points (0.68%) to reach 77,311.90 amid escalating tensions between the US and Iran near the Strait of Hormuz, which dampened global risk sentiment. The Nifty 50 index also fell by 141.80 points (0.58%) to 24,184.85 as broad-based selling pressure emerged, particularly in metal shares, which saw a 0.41% decline after four consecutive days of gains. Despite this downturn, the broader market showed resilience, with the BSE 150 MidCap Index dropping only 0.08% and the BSE 250 SmallCap Index gaining 0.36%. On the BSE, 2,535 shares rose while 1,342 shares fell, indicating a strong market breadth. Notably, NOCIL's stock tumbled 3.91% following an 18.22% drop in net profit for Q4 FY26, while Thyrocare Technologies' stock surged 8.42% after reporting a 117.14% increase in net profit during the same period.
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The decline in the Sensex and Nifty could lead to decreased investor confidence, potentially affecting stock market investments and retirement savings for individuals.
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