Stock Market
Indian stock market trades flat amid West Asia tensions; Sensex, Nifty slip marginally
Mumbai/IBNS: The Indian stock market traded flat with marginal losses on Monday as investors remained cautious amid rising global tensions linked to the conflict in West Asia, media reports said.
At around 2 pm, the BSE Sensex was trading over 30 points lower while the NSE Nifty 50 was down by almost an equal margin.
The Nifty hovered just above the 23,117 mark amid rising crude prices triggered by the ongoing tensions involving Iran and the United States–Israel axis.
Investors remained cautious even after Donald Trump assured safe transit for ships through the Strait of Hormuz.
The Indian currency, the Indian Rupee, opened almost unchanged at 92.43 per US dollar on Monday.
Despite Trump’s assurance, selling pressure continued in the market as crude oil prices climbed during the day.
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