# Indian markets close flat on Middle East oil fears

2026-08-10T01:29:07+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Benchmark indices ended lower on Friday, with the Nifty down 0.32% at 24,557 and the Sensex falling 0.59% to 78,491, as a renewed rise in crude oil prices due to tensions around the Strait of Hormuz offset gains in auto and tech stocks. Ajit Mishra of Religare Broking flagged the risks from West Asia geopolitical developments and oil price volatility, Livemint reported. Analysts noted that foreign institutional investors turned net sellers of Rs 480 crore on the day, though domestic institutional buyers remained net purchasers for a second straight week. Nifty formed a Doji candlestick pattern, signalling indecision as the index failed to hold above the 24,600 mark. GIFT Nifty futures edged up 0.02% overnight, hinting at a flat start next week.

## Coverage

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Tags: crude oil, Nifty 50, RBI NBFC rules, Sensex, stock market, stock picks
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