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Global Covid concerns, likely bearish earnings subdue equities
TIWN
TIWN
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Mumbai, July 9 (TIWN) Global concerns over the spread of 'Delta' variant as well as bearish expectations from the Q1FY22 results season, subdued the key Indian equity indices on Friday.
The S&P BSE Sensex closed at 52,386.19 points, lower by 182.75 points, or 0.35 per cent, from its previous close. Similarly, the Nifty50 on the National Stock Exchange closed at 15,689.80, lower by 38.10 points, or 0.24 per cent, from its previous close.
"The domestic market continued to be under the grip of bears following weak Asian peers as investor confidence was shattered due to the global spread of Delta virus variant. The equity market is turning risk-averse and side-lined," Geojit Financial Services Head of Research Vinod Nair said.
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