Sensex, Nifty Trade Flat as Hormuz Tensions Persist; Brent Crude Near $90
0
·1 views
Indian benchmark indices Sensex and Nifty traded largely flat as geopolitical tensions around the Strait of Hormuz kept investor sentiment cautious. Asian markets showed a mixed trend, offering little directional cue to domestic equities. Crude oil prices extended their rally for a sixth consecutive session, with Brent crude approaching the $90 per barrel mark. Rising oil prices are a concern for India, which is a major crude importer, as they can widen the trade deficit and fuel inflation. Traders remained on the sidelines, awaiting clearer signals on the geopolitical and macroeconomic fronts.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in