Sensex and Nifty both fell over 2% on Monday as Brent crude topped $115/bbl amid fears of further shipping-lane disruptions that could stoke inflation. Indian markets were closed today for Mahavir Jayanti; the oil-driven shock is prompting risk-off positioning and represents a broad inflation and market-headline risk for Indian equities.
Sensex and Nifty both fell over 2% on Monday as Brent crude topped $115/bbl amid fears of further shipping-lane disruptions that could stoke inflation. Indian markets were closed today for Mahavir Jayanti; the oil-driven shock is prompting risk-off positioning and represents a broad inflation and market-headline risk for Indian equities.
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moderately negative
Sentiment Score
-0.45
