Stock Markets Slip in Early Trade amid Renewed Geopolitical Tensions
MUMBAI: Indian equity benchmark indices Sensex and Nifty opened on a weak note on Monday and extended losses in early trade as investors turned cautious amid renewed geopolitical tensions following fresh hostilities between the United States and Iran.
The 30-share BSE Sensex initially fell 63.65 points to 77,047.63, while the NSE Nifty edged up 16.55 points to 24,070.20 in opening trade. However, selling pressure intensified as the session progressed. The Sensex later dropped 246.54 points to 76,853.93, while the Nifty slipped 50.55 points to 24,005.45.
Market participants remained wary as escalating tensions in West Asia raised concerns over global economic stability, energy prices, and foreign fund flows. The geopolitical uncertainty prompted investors to adopt a risk-off approach, leading to broad-based weakness across key sectors.
Analysts said the renewed US-Iran confrontation has revived fears of potential disruptions in global oil supplies, a development that could add to inflationary pressures and weigh on market sentiment worldwide.
