Sensex, Nifty Start in the Red Amid Global Tensions
What Happened
Indian stock markets opened lower on Tuesday, with the Sensex falling 162 points to 75,970 and the Nifty slipping 36 points to 23,743 in pre-open trade. Investor sentiment remained cautious due to escalating Middle East tensions and elevated crude oil prices near $95-$97 per barrel. Gift Nifty had also signaled a weak-to-flat start ahead of the opening bell.
Key Takeaways
Rising crude oil prices and geopolitical uncertainty are the key concerns for markets today. While FII and DII flows remained positive in the previous session, traders are likely to stay cautious until there is greater clarity on global developments and energy prices.