Sensex, Nifty Open Lower as Crude Jitters Keep Markets Range-Bound

In India, there are two big stock market scoreboards called the Sensex and the Nifty 50.

One number on each scoreboard shows how the prices of many company shares are doing altogether.

On the days in these reports, both scoreboards opened a bit lower, meaning most share prices went down at the start of trading.

Some companies' shares fell the most, like UltraTech Cement and PowerGrid, which appeared among the biggest losers in both reports.

A few companies' shares went up instead, like Tech Mahindra and Bajaj Finance.

The price of oil, called Brent crude, is also important for the market, and it was below $90 per barrel.

A market expert named VK Vijayakumar said the market will probably keep moving sideways or within a range for a while.

He said strong company earnings and money from domestic investors help the market, but high oil prices are a worry.

He also said oil prices jumped above $91 because a deal between the US and Iran did not happen as expected.

That is why investors are being careful.