07 August,2026 04:51 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
Domestic market benchmark indices settled lower on Friday as rising crude oil prices amid geopolitical tensions in West Asia dampened investor sentiment.
The 30-share BSE Sensex declined 455.59 points, or 0.58 per cent, to settle at 78,499.17. The 50-share NSE Nifty shed 65.35 points, or 0.27 per cent, to end at 24,570.65. The equity market indices were trading in the negative territory in the morning during initial trade, dragged down by financial stocks and the surging crude oil prices.
"Indian benchmark indices ended the session on a subdued note, with profit booking in heavyweight financial stocks weighing on the benchmarks despite resilience in the broader market," Bajaj Broking Research said.
On Thursday, the Sensex climbed 373.76 points, or 0.48 per cent, to settle at 78,954.76. The Nifty ended marginally higher at 24,636.
For the entire week, Sensex and Nifty faced divergence a new auction mechanism for shares having futures and options (F&O) contracts was introduced on August 3.
The closing auction session in the equity cash segment became operational on Monday, introducing a new auction-based mechanism for determining the closing prices of eligible stocks in a move aimed at making the price discovery process more transparent and robust, according to news agency PTI.
From the Sensex pack, Tata Consultancy Services, Mahindra & Mahindra, State Bank of India, and Tech Mahindra were among the gainers. Bajaj Finance and Bajaj Finserv which were among the major laggards in the initial trade, tanked 5.90 per cent and 4.18 per cent, respectively. ICICI Bank, Trent, Axis Bank were also among the laggards.
According to news agency PTI, Brent crude, the global oil benchmark, dipped 0.35 per cent to USD 82.20 per barrel; in Asian markets, South Korea's KOSPI and Japan's Nikkei 225 index ended lower, while Hong Kong's Hang Seng index settled higher. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 17.86 crore on Thursday, as per PTI.
"Market sentiment remains measured as the absence of a definitive geopolitical resolution in the Middle East continues to keep crude oil prices volatile," Vinod Nair, Head of Research, Geojit Investments said.
(With inputs from PTI)
