Stock markets tumble in early trade amid worsening tensions in Middle East
Mumbai (PTI): Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday amid heightened tensions in the Middle East after the US bombed three major nuclear sites in Iran.
The 30-share BSE Sensex tumbled 705.65 points to 81,702.52 in early trade. The 50-share NSE Nifty dropped 182.85 points to 24,929.55.
The US bombed three major nuclear sites -- Fordow, Natanz and Isfahan -- in Iran, bringing itself into the Israel-Iran conflict.
"Even though the US bombing of Iran’s three nuclear facilities has worsened the crisis in the West Asia, the impact on the market is likely to be limited. Even though the possibility of the closure of Hormuz Strait is a threat, it is important to understand that this has always been only a threat and the Strait had never been closed," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
From the 30-Sensex firms, Infosys, HCL Tech, Hindustan Unilever, Bajaj Finance, Power Grid and Eternal were the biggest laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, and Hong Kong's Hang Seng were trading lower while Shanghai's SSE Composite index quoted marginally higher.
US markets ended mostly lower on Friday.
Global oil benchmark Brent crude jumped 1.69 per cent to USD 78.31 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 7,940.70 crore on Friday, according to exchange data.
On Friday, the 30-share BSE Sensex surged 1,046.30 points or 1.29 per cent to settle at 82,408.17. The Nifty climbed 319.15 points or 1.29 per cent to 25,112.40.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Valiant India beat Argentina 4-2 to win bronze in FIH Men's Junior WC
Chennai (PTI): India produced a brave-heart performance, nullifying a two-goal deficit to beat Argentina 4-2 and clinch the bronze medal in the FIH Men's Junior World Cup here on Wednesday.
India, who won the title in 2016 in Lucknow, failed to finish on the podium on the last two occasions, ending fourth in 2021 in Bhubaneswar, and two years later in Kuala Lumpur.
India produced a valiant fightback with Ankit Pal (49th minute), Manmeet Singh (52nd) and Anmol Ekka (58th) converting penalty corners, while Sharda Nand Tiwari finding the net from the spot in the 57th minute.
Argentina were the better side on display at least in the first two quarters, scoring through Nicolas Rodriguez (3rd minute) and Santiago Fernandez (44th).
The Argentines controlled the possession of the match in the first quarter as India struggled to get a foothold.
ALSO READ: Kohli inches closer to number one ODI batter spot in fresh ICC rankings
Argentina secured their first chance in the third minute in the form of a penalty stroke following a foul by Anmol Ekka and Rodriguez made no mistake to hand his side the lead.
The Indians were guilty of giving away the ball too easily, which put paid to their chances in the first 15 minutes.
India had their best shot at the goal in the 20th minute but Dilraj Singh's shot from top of the circle was finely saved by Argentina goalkeeper Joaquin Ruiz.
The Indians started brightly after the change of ends and secured four back-to-back penalty corners in the 31st minute but failed to execute a single one with Anmol Ekka flicking the final one over the post.
Argentina kept up the pressure on the Indian defence and secured their first penalty corner in the 37th minute but Indian goalkeeper Princedeep Singh made a brilliant double save to keep the hosts in the hunt.
Argentina secured two more short corners in the 40th minute but failed to get past the Indian defence.
The visitors secured their fourth penalty corner in the 41st minute but Rodriguez flick was off target.
ALSO READ: Pressure is on Real Madrid coach Xabi Alonso ahead of Champions League match against Man City
The Indians didn't lose heart and maintained the pressure in the final quarter and drew level, converting two penalty corners through deflections in the span of four minutes.
Ankit Pal reduced the margin in the 49th minute by deflecting in Anmol Ekka's flick from India's fifth penalty corner.
Manmeet Singh drew parity for India four minutes later, deflecting in another Ekka's flick from India's sixth penalty corner.
With momentum on their side, India pressed hard on the Argentine defence thereafter and Tiwari scored from a penalty stroke three minutes from the final hooter.
Ekka drove the final nail on Argentina's coffin, converting a finely executed penalty corner a minute later.
