Sensex, Nifty tumble after rally as ceasefire-led optimism cools
MUMBAI, April 10 -- Equity benchmark indices ended lower on Thursday, with the Sensex tumbling 931 points after a spectacular rally in the previous session, as renewed tensions in West Asia reduced the ceasefire-led optimism.
The ceasefire deal appeared to be at risk after Iran closed the Strait of Hormuz again in response to Israeli attacks on Lebanon. Weak trends in Asian and European markets, a jump in crude oil prices and uninterrupted foreign fund outflows also made investors jittery in the domestic market.
The 30-share BSE Sensex dropped 931.25 points or 1.20% to settle at 76,631.65. During the day, it dived 1,215 points or 1.56% to 76,347.90. The 50-share NSE Nifty declined 222.25 points or 0.93% to end at 23,775.10.
From the 30-Sens...
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