Iran Tensions, Foreign Fund Outflows Dent Sentiment – Outlook Business

Equity benchmark indices Sensex and Nifty ended lower on Thursday, as investors remained cautious amid rising tensions between the US and Iran. Unabated foreign fund outflows and a spike in US inflation also led to the muted trading in the markets, according to analysts. In a volatile trade, the 30-share BSE Sensex declined 150.63 points, or 0.20%, to settle at 73,832.55. During the day, the benchmark hit a high of 74,394.34 and a low of 73,518.75, gyrating 875.59 points. The 50-share NSE Nifty edged lower by 53.35 points, or 0.23%, to end at 23,161.60. Intraday, the benchmark index reached a…