Now Reading: Indian shares open flat as Hormuz talks keep investors cautious
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Indian shares open flat as Hormuz talks keep investors cautious
Indian shares open flat as Hormuz talks keep investors cautious
India’s benchmark indices opened almost unchanged on Thursday, with the Nifty at 24,641 and the Sensex at 78,782.43. The rupee also opened flat at Rs 95.13 to the US dollar, against Rs…
The Story in Brief
India’s benchmark indices opened almost unchanged on Thursday, with the Nifty at 24,641 and the Sensex at 78,782.43. The rupee also opened flat at Rs 95.13 to the US dollar, against Rs 95.12 on Wednesday. Early trade was mixed, with some sectoral indices gaining marginally and others slipping.
Times Now News reports that crude oil prices continued to fall as Iran and Oman talks raised hopes of a temporary US-Iran agreement. The proposed arrangement could restore a ceasefire and reopen commercial shipping through the Strait of Hormuz. Disagreement over control of shipping and possible charges remains. Equinomics Research’s G Chokkalingam said lower oil prices could support the rupee and foreign institutional buying.
The Indian Opinion
The easy story is that a possible Hormuz reopening will automatically lift Indian shares, while the opposing claim is that any geopolitical risk makes the market uninvestable. Both go too far. Today’s opening shows caution, not panic, and oil’s recent fall is helpful but not a guarantee of cheaper imports or sustained foreign buying. The practical test is whether crude stays lower and the rupee strengthens beyond its Rs 95.13 opening, while the Nifty holds above 24,641.
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
