Indian shares opened lower on Monday amid ongoing fears over the US-Iran conflict and elevated crude prices, with traders cautious and indices oscillating within narrow ranges as analysts await clearer geopolitical or earnings signals.
Indian shares started Monday on a softer note as renewed concern over the US-Iran conflict kept crude prices elevated and left traders cautious, according to market data cited by Telangana Today. The Nifty 50 opened at 24,343.45, down 22.55 points, while the Sensex slipped 100 points to 77,892.92, with weakness most visible in financials, banks and fast-moving consumer goods.
The move fit a pattern seen earlier this year. HSBC Asset Management said Indian equities sold off sharply on 9 March as Brent crude jumped and risk appetite faded, while another note from the firm on 6 April showed markets opening lower again after Donald Trump escalated threats against Iran. By contrast, the Eurasian conflict eased briefly in April, helping the Sensex stage a strong rebound, although analysts still warned that high oil could keep inflation and earnings under pressure.
For now, analysts expect the Nifty to trade in a narrow band until a clearer geopolitical or earnings trigger emerges. Telangana Today reported that the index has repeatedly found support around 24,329-24,240, while resistance is seen near 24,540-24,666; a drop below 24,170 could open the door to deeper losses. Even so, some market watchers say opportunities may remain in mid-cap and small-cap shares, especially if corporate profits continue to recover despite firmer crude.
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