Sensex Today, Stock Market LIVE Updates: The Indian stock market is expected to have a weak start on Monday. Major market indices BSE Sensex and Nifty 50 may open with pressure. The main reasons for this are believed to be the ongoing selling in the global markets and the sharp rise in crude oil prices, which has increased the concern of investors.
In fact, the increasing geopolitical tension in West Asia has spoiled the environment of markets all over the world. Due to the ongoing conflict between Iran, Israel and the United States, investors fear that oil supplies may be affected. In particular, the fear of disruption in oil shipments through an important sea route like the Strait of Hormuz has increased the uneasiness in the global markets.
Gift Nifty is indicating a weak start
Before Monday’s trading, Gift Nifty was seen trading around 23,824. It was running at a discount of about 722 points compared to the Nifty Futures that closed in the previous session. Usually when Gift Nifty shows such a big fall, it is considered to be a sign that the Indian stock market may start with a gap-down. This means that as soon as the market opens, we may see a sharp decline in Sensex and Nifty.
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