Noida, July 23 (APAC Media): Indian equity benchmarks Sensex and nifty ended lower for the fourth consecutive session on Thursday as investors turned cautious amid rising geopolitical tensions in the Middle East, higher crude oil prices and continued foreign fund outflows.
The BSE Sensex closed 364 points lower, while the NSE Nifty 50 settled below the 23,900 marks after witnessing broad-based selling across key sectors, including banking and information technology.
Market sentiment remained under pressure as Brent crude oil prices strengthened, raising concerns over inflation and the potential impact on corporate earnings. Investors also remained watchful ahead of ongoing quarterly earnings announcements and global macroeconomic developments.
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Among individual stocks, HDFC Bank, Adani Green Energy and Dr. Reddy’s Laboratories were among the major losers following earnings-related developments, while several renewable energy and mid-cap counters also witnessed selling pressure.
Analysts said near-term market direction is likely to remain driven by geopolitical developments, crude oil prices, foreign institutional investor activity and the pace of corporate earnings. They expect volatility to persist until greater clarity emerges on global risk factors.
Broader market indices also ended in negative territory, reflecting cautious investor sentiment across sectors.
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Disclaimer: This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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