Sensex, Nifty Slip As US-Iran Standoff Weighs On Markets

On Friday, the stock market in India went down at the start of the day.

Two important market scoreboards, called the Sensex and the Nifty, dropped in early trading.

This happened because of a long-lasting disagreement between the United States and Iran.

Because of this standoff, the price of oil is staying high.

High oil prices can make things cost more in India and make the Indian currency move up and down.

Some big Indian companies, like Tata Steel and Axis Bank, saw their shares fall in price.

But a few others, like Titan and Adani Ports, saw their shares rise.

Foreign investors have also been selling Indian shares, which adds to the market's pressure.

Around the world, markets had a mixed day, with Japan and South Korea rising while China and Hong Kong fell.

Investors are now watching oil prices and the US-Iran situation to see what happens next.