Indian shares opened marginally lower on Tuesday, as firmer crude oil prices dampened risk appetite despite support from strong corporate earnings and renewed foreign investment. By 9:16 a.m. IST, both the Nifty and BSE Sensex had dropped approximately 0.2%, trading at 24,542.7 and 78,389.84, respectively.
Nine out of the sixteen major sectors experienced declines. In contrast, broader small-cap stocks saw a 0.3% increase, while mid-cap stocks remained flat.
The rise in crude oil prices, which reached a one-week high of $88.09 a barrel on Tuesday, was attributed to diminishing hopes for a U.S.-Iran peace agreement. The two nations continue to exchange demands regarding compensation. Tehran stated that Washington must lift sanctions and meet several other conditions before the Strait of Hormuz can reopen. Conversely, U.S. President Donald Trump insisted that Iran must compensate “all of the people that they have killed and gravely wounded.”
Bharath Rajeswaran and Vivek Kumar M reported from Bengaluru; Editing by Subhranshu Sahu and Rashmi Aich.
