Now Reading: Sensex, Nifty open higher as oil slips, Iran risk hangs over markets
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Sensex, Nifty open higher as oil slips, Iran risk hangs over markets
Sensex, Nifty open higher as oil slips, Iran risk hangs over markets
Indian benchmark indices Sensex and Nifty opened higher on Monday after two consecutive weekly losses, supported by a 2% dip in crude oil prices. The Sensex rose 202 points to 77,744 in…
Indian benchmark indices Sensex and Nifty opened higher on Monday after two consecutive weekly losses, supported by a 2% dip in crude oil prices. The Sensex rose 202 points to 77,744 in early trade, while the Nifty gained 55 points to 24,309. Metal stocks led sectoral gains, with the Nifty Metal index rising nearly 1%.
Investors remained cautious ahead of potential US sanctions on Iran. Both telanganatoday.com and The Hindu reported that Brent crude fell to around $92-93 per barrel, though geopolitical tensions in West Asia continue to dampen risk appetite. The Hindu quoted market expert Ponmudi R warning that the prolonged US-Iran standoff remains a key source of uncertainty for Indian investors.
Foreign institutional investors sold Rs 543 crore worth of shares for a second straight session, while domestic institutional investors bought Rs 2,124 crore, extending their buying streak to nine days. Asian markets traded lower ahead of Nvidia's earnings and the Federal Reserve's symposium this week. Nifty was seen as range-bound between 24,200 and 24,600 in the near term, with Tuesday's F&O expiry expected to increase volatility.
Indian Opinion Analysis
Both telanganatoday.com and The Hindu delivered neutral-report coverage of Monday's market open, differing only in the granularity of technical detail and the names of quoted experts. Neither source challenged official market narratives, hyped the movement, or injected ideological framing. The uniform straight-reporting style leaves a careful reader with a clear picture: Indian equities posted modest gains on falling crude, but geopolitical risks and a pending US-Iran sanctions announcement kept gains capped. FIIs continued selling while DIIs bought, signalling a mixed institutional view. The key event to watch remains Tuesday's F&O expiry and the US sanctions decision later this week.
Coverage: 2 sources, 2 neutral
Sources (2): telanganatoday.com (neutral report), thehindu.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
