Stock Market Highlights: Nifty Ends Little Changed Amid Renewed US-Iran Tensions, Sensex Falls 500 Points From Day's High
Indian stock markets ended little changed on Monday amid renewed US-Iran tensions and weak global cues. The Nifty 50 and Sensex closed marginally higher at 24,364 and 78,520.30, respectively.
Indian equity benchmarks ended little changed on Monday after a volatile session. The NSE Nifty 50 and BSE Sensex closed at 24,364 and 78,520.30, respectively. Tensions between the US and Iran escalated after attacks on commercial ships near the Strait of Hormuz, causing crude oil prices to surge. West Texas Intermediate futures rose nearly 7% to $89.53 a barrel, while Brent crude gained 6.2% to $96.05 a barrel. US index futures traded lower, indicating a weak start for Wall Street. The Nifty IT sector was the worst performer, down nearly 1%, while Nifty Media and Nifty PSU Bank rose over 0.5%.
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