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via rediff.comMarkets

Indian equities fall for fourth day as West Asia tensions drive oil prices higher

FROM THE WIRE · REDIFF.COM

Indian benchmark equity indices, Sensex and Nifty, closed lower for the fourth consecutive session, driven by a surge in crude oil prices above USD 114 per barrel due to escalating tensions in West Asia, coupled with broad-based selling and FII outflows.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe sharp rise in oil and FII outflows weigh on the broader Indian equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sensex and Nifty closed lower for the fourth consecutive session.
  2. 02Crude oil rose above 114 dollars per barrel on escalating West Asia tensions.
  3. 03Broad-based selling and FII outflows weighed on the market.

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