MUMBAI: Indian share benchmarks extended their losing streak on Tuesday, as fading hopes of an imminent end to the Iran war kept crude oil prices elevated, stoking inflation concerns globally and triggering a selloff in bonds.
Iran threatened a “fully offensive” military posture as efforts to negotiate a permanent end to the war with the US have stalled, a senior Iranian official told Reuters on Monday, while Washington ruled out extending a temporary ceasefire agreement that has now expired.
The Nifty 50 fell 0.55 percent to 24,154.9 and the BSE Sensex lost 0.63 percent to 77,235.46. This was Nifty’s sixth straight losing session, while the Sensex has fallen in five of the last six sessions.
Twelve of the 16 major sectors fell. The broader and mostly domestic demand-driven small-caps ended flat, while mid-caps fell 0.4 percent.
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