ADVERTISEMENT

Sensex Slips More Than 150 Points Amid Concerns Over Oil Prices

Sensex lost 162.03 points to close at 41,464.61, while Nifty finished trading at 12,226.65, down 55.55 points.

Updated
Business
1 min read
Image used for representational purpose.
i

Equity markets turned negative on Friday, 3 January, after the US killed top Iranian general Qassem Soleimani, fuelling fears of a conflict in the oil-rich region.

The 30-share BSE Sensex lost 162.03 points to close at 41,464.61, while the broader 50-share NSE Nifty finished trading at 12,226.65, down 55.55 points.

All sectoral sub-indices, with the exception of Nifty IT and Nifty Pharma finished in red. Nifty PSU Bank sub-index lost the most at more than 2 percent.

According to traders, domestic investors followed Asian markets which fell after the Pentagon confirmed that US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Soleimani, who died in Baghdad "in a decisive defensive action to protect US personnel abroad".

Crude oil prices on Friday rose nearly 4 percent to Rs 4,514 per barrel due to concerns over global crude supplies amid rising tensions between the US and Iran.

Bourses in Shanghai, Hong Kong and Seoul were trading in the red, while those in Tokyo remained closed for New Year holidays.

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

ADVERTISEMENT
Published: 
ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT