Indian Stock Indices Extend Losing Streak to Sixth Session
· Business · LiveMint, Economic Times, Zee News
Indian stock indices closed 0.50% lower on August 18, marking the sixth consecutive session of losses. The decline was driven by persistent foreign selling and cautious market sentiment amid rising geopolitical tensions in the Middle East. Brent crude futures surged past $91 per barrel following US President Donald Trump's decision not to extend an interim peace deal with Iran. Sectoral performance was led by tech, which fell 2%, while realty, PSU banks, and FMCG also saw declines. SBI Cards and Payments was the top laggard among Nifty 500 stocks, dropping 4.2%.
Why it matters
The sustained market downturn and rising crude oil prices threaten to increase inflationary pressure and impact the rupee, directly affecting Indian investors and consumer costs.
Read the original report — LiveMint
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