Indian Equities Slip on Thursday Amid Rising Middle East Tensions

MT Newswires Live04-09

Indian equity benchmarks ended lower on Thursday as renewed geopolitical tensions and rising crude oil prices weighed on sentiment.

The BSE Sensex fell 1.2%, or 931.25 points, to finish Monday's session at 76,631.65, while the NSE Nifty 50 slipped 0.9%, or 222.25 points, to 23,775.10.

Investors were cautious after fresh Israeli strikes in Lebanon reduced hopes for a two-week U.S.-Iran ceasefire and reopening of the Strait of Hormuz.

Canara Bank's (NSE:CANBK, BOM:532483) board has extended Hardeep Singh Ahluwalia's additional charge as managing director and CEO for three months until June 30.

Dilip Buildcon (NSE:DBL, BOM:540047) joint venture DBL-RBL won a 2.68-billion-rupee contract from the Gujarat government. The project covers the design and construction of the Ged Barrage across the Sabarmati River, including protection and allied works.

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