MUMBAI: The Indian stock markets ended in the green on Friday but gave up part of their gains in the final hour as rising tensions between Iran and Israel pushed oil prices higher and dampened investor sentiment.
The benchmark indices Nifty and Sensex settled off their day’s highs after reports of fresh strikes between Iran and Israel triggered concerns over global energy supplies.
The Nifty closed 112.35 points, or 0.49 per cent, higher at 23, 114.50, while the Sensex gained 325.72 points, or 0.44 per cent, to end at 74, 532.96.
From a technical perspective, the Nifty continues to face resistance near the 23, 350 zone, reinforcing a sell-on-rise structure, experts said.
“A breakdown below 23, 000 level could extend the downside towards 22, 900–22, 950, while on the upside, 23, 600 remains a strong supply zone likely to cap any meaningful recovery, ” an analyst stated.