Early Gains Fade as Sensex, Nifty End in the Red
What Happened
Indian markets ended slightly lower after giving up early gains, as weakness in banking and financial stocks outweighed strength in metals. Concerns over upcoming US sanctions on Iran, elevated crude oil prices, and cautious global sentiment kept investors on the sidelines. Sensex slipped 172 points to 77,369 and Nifty fell below 24,220.
Key Takeaways
Metal stocks provided support, but selling in banks and financials dragged markets lower. Investors remained cautious amid geopolitical tensions, rising bond yields, and crude oil trading above $90 per barrel.