Sensex, Nifty Extend Losing Streak for Fifth Day Amid Crude Oil Price Surge

Indian benchmark indices Sensex and Nifty fell for the fifth consecutive day on Monday, weighed down by rising crude oil prices and ongoing geopolitical tensions in West Asia.

The Sensex declined 281.09 points (0.36%) to 77,728.16, while the Nifty dropped 78.35 points (0.32%) to 24,287.65.

Rising Brent crude oil prices, which climbed 1.11% to $89.50 per barrel, significantly contributed to the negative investor sentiment.

Persistent geopolitical tensions, particularly the US-Iran conflict and uncertainty surrounding the Strait of Hormuz, kept investors cautious.