Sensex and Nifty Trade Flat as Oil Prices Rise for Fourth Consecutive Day

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Indian benchmark indices Sensex and Nifty traded largely flat as rising oil prices weighed on market sentiment. Brent crude closed above $91 per barrel, while US WTI crude surpassed $85 per barrel. Oil prices have risen for four consecutive days amid an ongoing deadlock in US-Iran negotiations. The sustained rise in crude prices has introduced caution among investors in the Indian equity markets.

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