Noida, Sep 7 (APAC Media): Indian equity markets BSE Sensex and NSE Nifty ended lower on Monday, with the benchmark Sensex declining around 380 points and the Nifty closing below the 23,800 level, as rising crude oil prices and heightened geopolitical tensions weighed on investor sentiment.
The 30-share BSE Sensex ended at 76,132.81, down 380 points, or 0.5 per cent. The NSE Nifty 50 settled at 23,779.15, declining around 0.5 per cent.
India Auto Retail Sales Surge 17.51% to Record 24.23 Lakh Units in August 2026
The fall came amid persistent concerns over global economic conditions, elevated oil prices and foreign investor outflows. The two key benchmarks have remained under pressure in recent weeks as investors assess the potential impact of geopolitical developments on energy prices and inflation.
Information technology stocks were among the major losers during the session. The Nifty IT index fell around 2.3 per cent, with Infosys emerging as one of the biggest drags on the benchmark.
Infosys shares declined nearly 3.8 per cent, while Tech Mahindra, HCL Technologies and Tata Consultancy Services also ended in the red.
India’s E-Waste Holds Untapped Potential for Urban Mining, Says Expert
Investors remained cautious after stronger-than-expected US employment data increased expectations that the US Federal Reserve could maintain a tighter monetary policy. Higher US interest rates could weigh on corporate spending and technology demand, particularly affecting Indian IT companies with significant exposure to the US market.
Crude oil prices remained another major concern for Indian investors. Brent crude traded close to $97 a barrel as escalating tensions involving the United States and Iran raised concerns over potential disruptions to global oil supplies.
India imports a large portion of its crude oil requirements, making domestic markets sensitive to sharp movements in international energy prices. A sustained rise in crude prices could increase inflationary pressures, widen the trade deficit and affect corporate profitability.
Foreign institutional selling continued to weigh on equities, although buying by domestic institutional investors offered some support.
Investors are expected to closely monitor developments in the Middle East, movements in crude oil prices and signals from global central banks for further market direction.
Analysts said the Nifty could find near-term support around 23,700-23,800, while the 24,000-24,150 range may act as a key resistance zone.
Market volatility is likely to remain elevated until there is greater clarity on geopolitical risks and the global interest-rate outlook.
–ENDS–
Disclaimer:Â This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
Also Read:
