SBIN

CLOSING NEWS

Indices pared some of their losses in afternoon trade today, supported by value buying in select sectors and a slight easing in geopolitical tensions. Earlier in the session, the BSE Sensex had plunged 1,260.13 points, or 1.6%, to 76,403.87, while the Nifty 50 dropped 359.4 points, or 1.4%, to 23,813.65. Market sentiment improved somewhat after Abbas Araghchi held a telephonic discussion with Pakistani leadership regarding regional developments and a ceasefire. As per reports from an Iranian news agency, he also spoke with Pakistan Army Chief Field Marshal Syed Asim Munir. Meanwhile, investors took advantage of lower valuations, leading to value buying in metal and PSU bank stocks, which helped the indices recover part of their earlier losses.