Indian equities saw mild declines on Friday following significant downturns in the previous trading day. Market participants closely monitored fluctuations in oil prices, which surged approximately 5% during the U.S. trading session amidst escalating tensions between Iran and Israel.
In response to these developments, President Joe Biden noted that the United States was considering whether to endorse potential Israeli military actions targeting Iranian oil infrastructure.
In the Indian markets, the benchmark S&P BSE Sensex experienced a drop of 46 points, settling at 82,450 during early trading, while the broader NSE Nifty index exhibited a slight increase, reaching 25,258.
Bajaj Finance experienced a 1.6% decline subsequent to releasing its second-quarter business update. HDFC Bank saw a decrease of 0.5% following the sale of 4.375 million equity shares by BNP Paribas Financial Markets. Meanwhile, Reliance Power fell by 5% amidst news of fundraising activities. JTL Industries dropped 4.4% following the announcement of a stock split.
