The Indian benchmark indices declined on Friday as the Sensex fell 148 points to close trade at 77,931 and the Nifty declined 29 points to close at 24,366 at 3:30 PM.
Previously, during the early morning session, the Sensex crashed more than 300 points and started the session near 77,770, while the NSE Nifty50 slipped 67 points and traded under 24,400, as of 9:15 AM.
Asian Markets Trade Mixed
Brent crude, the global oil benchmark, rose 0.06 per cent to USD 87.12 per barrel.
The unresolved US-Iran standoff continues to support crude oil prices, exposing oil-importing economies such as India to greater inflationary pressures and currency volatility, Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.
Asian markets traded mixed on Friday. South Korea's Kospi and Japan's Nikkei 225 traded higher, while the Shanghai SSE Composite index and Hong Kong's Hang Seng index quoted lower.
US markets ended higher on Thursday.
Foreign Investor Selling Continues
Foreign Institutional Investors (FIIs) sold equities worth Rs 510.69 crore on Thursday, according to exchange data.
In the domestic market, fag-end buying helped the Sensex finish Thursday's session in positive territory. The 30-share index settled 113.61 points, or 0.15 per cent, higher at 78,079.96.
The Nifty, however, declined 40.10 points, or 0.16 per cent, to close at 24,395.85, marking its third consecutive day of decline.
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