1 week ago

Iran Sanctions Weigh on Dalal Street as Nifty Slips

Iran Sanctions Weigh on Dalal Street as Nifty Slips
Iran shadow looms over Dalal Street as Nifty ends in red · thehindubusinessline.com

Indian share markets finished lower on Monday.

Investors were worried about possible United States sanctions on Iran.

They were also concerned that Iran could disrupt oil shipments through the Strait of Hormuz.

These worries made people more careful about buying shares.

Bank stocks fell, while metal companies gained.

Oil prices moved down as traders waited for more details.

Gold prices rose because investors wanted a safer investment.

The market may remain volatile as investors watch sanctions, interest-rate signals, and economic data.

Key facts

Nifty 50 close
24,219.05, down 32.95 points or 0.14%
Sensex close
77,369.11, down 171.72 points or 0.22%
Worst sectoral performer
Nifty PSU Bank, down 0.9%
Top sectoral gainer
Nifty Metal, up 1.6%
Domestic crude futures
Near ₹8,170 per barrel, down close to 2%
Gold
COMEX Gold stayed above $4,600 and MCX Gold above ₹1,60,000
Nifty 500 earnings
Up 19% year on year in the first quarter of FY27

Quotes

Vinod Nair

Head of Research at Geojit Investments

“Caution dominated market sentiment as investors are awaiting fresh sanctions from the US on Iran”
thehindubusinessline.com

Sources

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