Indian Markets Open Lower As High Crude Prices Keep Investors Cautious
What Happened
Indian equities opened lower on October 27, with the Nifty 50 falling over 60 points to 22,708.80 and the Sensex dropping more than 200 points to 73,484.38. Brent crude remained near $115 a barrel, while investors stayed cautious ahead of the US Federal Reserve policy decision. Foreign investors had also sold ₹14.62 billion of Indian shares on Monday.
Key Takeaways
Indian markets started Tuesday on a cautious note, with elevated crude prices and continued foreign selling weighing on sentiment despite stronger Asian markets.