Opening Bell: Nifty 50, Sensex Fall Over 0.8% as Oil Prices Rise on Renewed U.S.-Iran Tensions
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At 9:18 AM, the Nifty 50 was trading 0.73 per cent lower, down 178 points at 24,029.75. The Sensex declined 637 points, or 0.82 per cent, to 76,931.95.
✨ Key Takeaways
The Indian equity markets opened lower on Monday as renewed tensions between the U.S. and Iran pushed crude oil prices higher, raising concerns over inflation and global economic stability.
At 9:18 AM, the Nifty 50 was trading 0.73 per cent lower, down 178 points at 24,029.75. The Sensex declined 637 points, or 0.82 per cent, to 76,931.95.
Among the Nifty 50 stocks, InterGlobe Aviation, Tata Steel, and Maruti Suzuki India were the top laggards in early trade.
In the broader market, the Nifty MidCap index declined 0.58 per cent, while the Nifty SmallCap index fell 0.56 per cent, indicating weakness across mid and Small-Cap stocks.
Sector-wise, the Nifty Metal index witnessed the sharpest decline. The Nifty Financial Services, Nifty Auto, and Nifty Bank indices also traded under pressure. Meanwhile, the Nifty IT and Nifty Pharma sectors showed relative strength and outperformed the broader market.
Disclaimer: The article is for informational purposes only and not investment advice.