Dalal Street Starts Week in Red as Oil Spike, Iran Tensions Weigh on Sentiment
What Happened
Indian equity markets opened on a weak note on Monday as rising US-Iran tensions pushed crude oil prices higher and dampened investor sentiment. The Sensex opened at 76,446.05, down about 0.2%, while the Nifty 50 opened at 23,883.15, also slipping around 0.2%. Most sectoral indices traded in the red during early trade, with IT and banking stocks facing pressure.
Key Takeaways
Indian markets started the week cautiously, with higher oil prices and geopolitical uncertainty triggering profit-booking. Investors are closely watching developments in the Middle East and crude price movements for further market direction.