Stock market update: Sensex down 587 points, Nifty drops 177 amid rising Middle East tensions; gold hits new high of Rs. 1 lakh
Indian markets staged a partial recovery by midday Friday after opening sharply lower amid intensifying tensions in the Middle East. However, benchmark indices remained in negative territory as investor sentiment stayed fragile following Israel’s pre-emptive strikes on Iran. As of 1:35 PM, the BSE Sensex was down 587.09 points, or 0.72 per cent, at 81,104.88,…