Sensex and Nifty Stay Steady Amid Geopolitical Turmoil and Rising Oil Prices
Benchmark indices Sensex and Nifty ended mostly unchanged after a volatile Monday session, influenced by geopolitical tensions and rising crude oil prices. Despite market pressures, the indices held steady as investors awaited developments from the Middle East. The volatility was reflected in India's VIX and global markets.
- Country:
- India
India's Sensex and Nifty indices closed nearly unchanged in a volatile trading session on Monday. Investors remained cautious amid ongoing geopolitical tensions and rising crude oil costs, capturing market attention with a mix of anxiety and anticipation.
The BSE Sensex, consisting of 30 shares, ended barely up by 26.76 points or 0.03% to 78,520.30. It experienced a fluctuation of 739.15 points throughout the day. Alongside, the NSE Nifty gained 11.30 points or 0.05%, finishing at 24,364.85.
Brent crude spiked by 4.14% to reach USD 94.12 per barrel. Market players, including Trent, SBI, and NTPC, emerged as key winners, while entities like Kotak Mahindra Bank and HCL Tech lagged. With the ceasefire in the Middle East set to expire, uncertainty prevails as investors keenly observe emerging developments.
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