Sensex ends 72 points lower; oil, gas, metal stocks drag amid rising US-Iran tensions, ONGC top loser

After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 percent, lower at 39,122.96

Press Trust of India June 24, 2019 16:24:36 IST
Sensex ends 72 points lower; oil, gas, metal stocks drag amid rising US-Iran tensions, ONGC top loser
  • NSE Nifty dropped 24.45 points, or 0.21 percent, to 11,699.65. During the day, index touched low of 11,670.20 and a high of 11,754

  • ONGC was the top loser in the Sensex pack, ending 3.48 percent lower

  • Tata Steel, Vedanta, Bajaj Auto, TechM, RIL, Hero MotoCorp, Kotak Bank, Axis Bank, and Infosys too fell up to 2.33 percent

Mumbai: The BSE Sensex Monday slipped by another 72 points, dragged by losses in oil and gas and metal stocks amid rising US-Iran tensions.

After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 percent, lower at 39,122.96. The index hit an intra-day low of 39,021.70 and a high of 39,300.02.

Similarly, the broader NSE Nifty dropped 24.45 points, or 0.21 percent, to 11,699.65. During the day, the index touched a low of 11,670.20 and a high of 11,754.

ONGC was the top loser in the Sensex pack, ending 3.48 percent lower.

Sensex ends 72 points lower oil gas metal stocks drag amid rising USIran tensions ONGC top loser

Representational image. Reuters.

Tata Steel, Vedanta, Bajaj Auto, TechM, RIL, Hero MotoCorp, Kotak Bank, Axis Bank, and Infosys too fell up to 2.33 percent.

On the other hand, Yes Bank, M&M, TCS, SBI, IndusInd Bank, Maruti and ITC rose up to 2.19 percent.

The US on Monday was due to tighten sanctions on Iran as the two countries traded barbs in a tense standoff sparked by Washington's withdrawal from a nuclear deal.

According to traders, domestic bourses turned choppy as crude oil prices kept rising amid rising tensions between the US and Iran.

Brent crude futures, the global oil benchmark, rose 0.16 percent to $64.55 per barrel.

Meanwhile, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note, equity markets in Europe were trading in the red in early deals.

On the currency front, the Indian rupee appreciated 15 paise to 69.43 against the US dollar intra-day.

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