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Sensex falls 475.73 points as US-Iran tension returns
The Hindu BusinessLine··31 Aug
At about 10.50 am on Monday, the Sensex traded 475.73 points or 0.62 percent lower at 76,788.78. The Nifty 50 fell 167.75 points or 0.69 percent to 24,007.90. Brent crude was around $90 a barrel, up about 2 percent after US strikes on Iranian launchers. HDFC Bank rose more than 2 percent on its CEO succession news.
Prism
What It Means For You
- Nifty Midcap 100 and Smallcap 100 were down 0.76 percent and 0.90 percent respectively.
- Only private banks posted mild sector gains while metal, media, realty and IT fell 1-2.5 percent.
- MSCI rebalancing and the new closing auction may add late-session swings for index investors.
What's Happening
- Benchmarks opened lower with the Sensex 134 points below Friday's close and Nifty down 58 points at the open.
- Geojit strategist V K Vijayakumar cited Fed chair remarks and higher yields as equity headwinds.
- On the NSE, 1,033 stocks advanced and 1,819 declined among 2,999 traded.
What Moved Individual Names
- Friday's close had Sensex at 77,264.51 and Nifty at 24,175.65.
- HDFC Bank CEO Sashidhar Jagdishan's current term ends in late October.
- Gold fell 1.0 percent to $4,405 an ounce as yields rose.
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