Commodities
Indian Equity Markets Slip for Fifth Straight Day Amid Crude Price Surge
The Indian equity markets continued their losing streak for the fifth consecutive day on Monday, August 17, amid rising crude oil prices and persistent geopolitical tensions in West Asia. The benchmark indices Sensex and Nifty ended lower, with the Sensex declining by 281.09 points or 0.36% to settle at 77,728.16.
The NSE Nifty was down 78.35 points, or 0.32%, to end at 24,287.65. From the Sensex pack, Infosys, HCL Tech, Sun Pharma, Tata Consultancy Services, Tech Mahindra, and ITC were among the biggest laggards.
Tata Steel, Axis Bank, Reliance Industries, and Bharat Electronics were among the winners. Brent crude, the global oil benchmark, climbed 1.11% to $89.50 per barrel.