1 hr ago
Sensex, Nifty Fall as Oil Prices Rise Amid US-Iran Talks
India’s main stock markets started the day lower.
The Nifty and Sensex both lost points when trading opened.
Every major sector index also declined early in the session.
The rupee became slightly weaker against the US dollar.
Oil prices rose by more than 1.5%.
Brent crude traded above $106 per barrel.
Investors were watching high oil prices closely.
They were also following reports of separate US-Iran talks through mediators aimed at ending the conflict.
The Nifty opened down more than 50 points at 22,732.45.
The Sensex fell more than 200 points to open at 72,633.68.
All sectoral indices declined in early trading.
The Indian rupee opened at 96.05 against the US dollar, compared with Monday’s close of 95.98.
Brent crude rose more than 1.5% to above $106 per barrel as renewed US-Iran diplomatic efforts drew investor attention.
- Who
- Indian stock-market investors, with attention also on the United States and Iran.
- What
- The Nifty and Sensex fell at the open while oil prices rose and the rupee weakened slightly.
- Where
- Indian financial markets; Brent crude was trading above $106 per barrel.
- When
- September 29, at the start of trading; the report compares the rupee with Monday’s close.
- Why
- Investors were assessing elevated oil prices and renewed US-Iran diplomatic efforts to end the conflict.
Key facts
- Nifty opening level
- 22,732.45, down more than 50 points
- Sensex opening level
- 72,633.68, down more than 200 points
- Sectoral indices
- All declined in early trade
- Rupee opening rate
- 96.05 per US dollar
- Previous rupee close
- 95.98 per US dollar on Monday
- Brent crude
- Above $106 per barrel, up more than 1.5%
- Diplomatic focus
- Separate US-Iran talks involving mediators
Sources
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