Business

Indian markets falls for third day on weak global cues, spike in oil prices

The Indian stock market’s fall on Monday for the third day can be attributed to a number of factors, including weak global cues, a spike in oil prices, and geopolitical tensions in the Middle East.
The 30-share BSE Sensex declined 115.81 points or 0.17% to settle at 66,166.93, while the Nifty50 slipped 19.30 points or 0.10% to close at 19,731.75.
Major losers:
Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, UltraTech Cement, Kotak Mahindra Bank, and Hindustan Unilever
Major gainers:
Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid, and Mahindra & Mahindra
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong ended lower, while European markets were trading mostly in the negative territory. US markets ended on a mixed note on Friday.
Global oil benchmark Brent crude declined 0.39% to $90.54 a barrel.

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