MUMBAI: Indian shares fell on Monday as a lack of progress towards ending the Iran war kept crude oil prices elevated, while an end of quarterly earnings reporting season meant limited domestic triggers for investors.
The Nifty 50 fell 0.32 percent to 24,287.65 and the BSE Sensex lost 0.36 percent to 77,728.16. They were down 0.1 percent and 0.2 percent, respectively, at 3:15 p.m. IST, ahead of the new closing auction session.
This marks one of the first instances when the benchmark indexes have closed at lower levels after the closing auction session, as compared to 3:15 p.m. when the regular trading ends.
This was Nifty 50’s fifth straight session of losses, while 30-stock Sensex has fallen in four of the last five trading days.
US President Donald Trump told Americans over the weekend to prepare for continued high fuel prices as a result of the war.
Brent crude futures rose nearly 1 percent to USD89 per barrel.
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