Indian stock markets end a fifth straight losing session as both the Nifty and Sensex drop amid higher crude oil prices. The Nifty declines for the fifth consecutive day, while the Sensex falls by roughly a few hundred points in trading, with declines attributed to continued pressure from oil-led inflation and global risk sentiment.
Both outlets link the market weakness to crude’s rise. Brent crude, the global benchmark, is reported up around 1% to about $89.50 per barrel. One outlet also highlights additional concerns tied to Iran-related fears, suggesting potential volatility in global oil supply expectations. The reported figures for market moves differ slightly by outlet, but the direction and broad drivers—rising crude and related geopolitical concerns—are consistent.
