Sensex, Nifty: Why market is down today; strategy, stocks in focus as US-Iran talks fail
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Indian stock markets declined on Monday due to rising oil prices and fading hopes for a US-Iran ceasefire, with Sensex and Nifty dropping around 2% each. The decline was also influenced by global market trends, with major indices in Europe and Asia also experiencing losses.
Indian stock markets traded lower on Monday. Sensex and Nifty dropped around 2% each at open. Broad-based selling dominated the market, with all major sectoral indices in the red. PSU banks led losses, followed by banking, financials, and oil & gas. Global markets also declined, with S&P 500 futures falling 0.7% and the MSCI Asia Pacific Index falling 0.9%. The decline was due to rising oil prices and fading hopes for a US-Iran ceasefire.
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