Business
Sensex and Nifty Expected to Open Weak Amid Energy Shock
The Indian stock market is bracing for a volatile opening this Monday morning, with the Nifty 50 and Sensex expected to face significant selling pressure. The primary driver is the “energy shock” caused by the effective closure of the Strait of Hormuz, which has pushed global crude oil prices toward the $120 per barrel mark. Market analysts predict that banking, auto, and paint stocks—sectors most sensitive to oil prices and inflation—will lead the downward trend.
While domestic economic fundamentals remain stable, the FII (Foreign Institutional Investor) sentiment has turned cautious due to the escalating US-Iran war. However, defensive sectors like FMCG and Pharma are expected to show some resilience as investors move toward “safe-haven” assets. Gold prices in India have also seen a sharp uptick this morning, crossing ₹78,000 per 10 grams, as the geopolitical uncertainty drives demand for precious metals.