Indian benchmarks closed lower on Monday as US-Iran tensions lifted crude oil and kept investors cautious ahead of GDP numbers. The Sensex fell 307.24 points, or 0.40%, to 76,957.27. The Nifty 50 fell 95.25 points, or 0.39%, to 24,080.40.
Cover photo: ANI, via The Tribune
Brent jumped more than 3% to about $91.30 a barrel, The Hindu Business Line reported. The indices recovered from the day’s lows — Sensex 76,751.32 and Nifty 23,993.60 — but stayed in the red. Metal and media were the weakest sectors. Nifty Bank and pharma rose. Last-minute MSCI rebalancing and the closing auction added swings.
Zee Business said the market value of BSE-listed companies fell by Rs 2.75 lakh crore on the day. For August as a whole, the Nifty dropped 1.2% and the Sensex 1.5%, snapping a two-month winning streak, Business Standard reported, even as mid- and small-caps gained.
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