Now Reading: Sensex, Nifty flat for third day as crude oil rally caps gains
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Sensex, Nifty flat for third day as crude oil rally caps gains
Indian benchmark indices ended virtually unchanged for a third straight session on Monday, with the Sensex up 43 points at 78,542.44 and the Nifty 50 gaining 13 points to 24,583.80. Rising crude…
The Story in Brief
Indian benchmark indices ended virtually unchanged for a third straight session on Monday, with the Sensex up 43 points at 78,542.44 and the Nifty 50 gaining 13 points to 24,583.80. Rising crude oil prices and uncertainty over the Strait of Hormuz offset relief from softer-than-expected US jobs data. Brent climbed over 1 per cent to around $84.5 a barrel, while WTI jumped more than 2 per cent to near $79. The rupee slipped 9 paise to close near 95.30 against the dollar.
Sectoral moves were split. Nifty Realty gained 1.35 per cent, while PSU Banks fell 1.67 per cent, with SBI the biggest Nifty loser. Titan and Bajaj Finance led gainers. Market volatility narrowed sharply, with the Nifty's daily Average True Range contracting to 208 points, its lowest since January 2026. FIIs were net buyers on Friday, purchasing equities worth Rs 480.24 crore. Investors now await US CPI data and the final leg of the Q1FY27 earnings season for fresh cues, thehindubusinessline.com reports.
The Indian Opinion
The market's three-day shrug disguises a real tension. Every headline screams about crude and Hormuz, yet the Nifty has barely moved, and volatility has collapsed to its lowest level in months. That is not indecision; that is a market telling you it has already priced in the oil risk. The outsized attention to every Iran negotiation is narrative noise. The number that will actually settle the week is Wednesday's US CPI, and for India, whether Nifty can break 24,700 on the upside or 24,400 on the downside. Watch the levels, not the headlines.
Sources (6): thehindubusinessline.com, thehindubusinessline.com (2), rediff.com, timesofindia.indiatimes.com, livemint.com, livemint.com (2)
This story was synthesised by AI from the 6 sources linked above.
Updated: this story now draws on 6 sources.
