1 day ago
Indian Markets Flat as US-Iran Tensions Keep Oil Firm
India’s main stock markets started September 1 with very little movement.
The Nifty and Sensex were nearly unchanged when trading began.
The Nifty opened at 24,077.55, and the Sensex opened at 76,994.11.
Several groups of stocks traded slightly lower early in the day.
The Indian rupee opened at 95 for one US dollar.
Oil prices stayed above $91 per barrel.
Tensions between the United States and Iran had recently increased.
Donald Trump said the United States would respond strongly to Iranian strikes on US personnel in Jordan.
The Nifty opened at 24,077.55 on September 1, while the Sensex opened at 76,994.11.
Both Indian benchmark indices began trading flat, with most sectoral indices marginally lower in early trade.
The Indian rupee opened at 95 to the dollar, compared with Monday’s close of 95.16.
Crude oil prices remained above $91 per barrel at the time of filing.
Fresh US-Iran escalation and Donald Trump’s warning of a forceful response helped keep oil prices firm.
- Who
- Indian stock markets, the Indian rupee, the United States, Iran, and US President Donald Trump.
- What
- The Nifty and Sensex opened flat as oil prices remained firm above $91 per barrel.
- Where
- Indian financial markets; the reported escalation involved US personnel in Jordan.
- When
- September 1; early trading and at the time of filing.
- Why
- Fresh US-Iran tensions and Donald Trump’s pledge to respond strongly to Iranian strikes supported firm oil prices and influenced market sentiment.
Key facts
- Nifty opening
- 24,077.55
- Sensex opening
- 76,994.11
- Rupee opening
- 95 per US dollar
- Previous rupee close
- 95.16 per US dollar on Monday
- Crude oil price
- Above $91 per barrel at the time of filing
- Early sectoral trend
- Most sectoral indices traded marginally lower
- Market date
- September 1
Quotes
Donald Trump
President of the United States, cited regarding a response to Iranian strikes on US personnel in Jordan
“we're going to hit them hard.”
timesnownews.com
Sources
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