MUMBAI: The Indian equity markets posted losses in early trade on Friday tracking global weakness, crude oil prices amid tensions in the Middle East.
As of 9.28 am, Sensex lost 365 points, or 0.46 per cent, to reach 79, 650 and Nifty dipped 103 points, or 0.42 per cent to reach 24, 662.
Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.30 per cent, and the Nifty Smallcap 100 gained 0.45 per cent.
All sectoral indices traded in red except IT, pharma as well as oil and gas, up 1.28 per cent, 0.16 per cent and 0.15 per cent, respectively. Nifty private bank and auto were the top losers, down 1.18 per cent and 0.65 per cent, respectively.
Persistent geopolitical tensions in the Middle East threatens renewed global inflationary pressures and the possibility of tighter monetary policy conditions ahead, market participants said.
Comments are closed.