Sensex closes slightly lower as investors weigh Iran sanctions
India’s BSE Sensex closed about 0.2% lower at 77,369 on Monday, ending a two-day winning streak as investors watched for details of expected US sanctions against Iran.
India’s BSE Sensex closed about 0.2% down at 77,369 on Monday, halting a two-day winning streak, amid investor caution over the expected US announcement of the details of sweeping new sanctions against Iran.
The measures could potentially extend the conflict and exacerbate energy-supply disruptions, putting further upward pressure on inflation.
Meanwhile, attention also turned to Nvidia’s upcoming earnings report and the Jackson Hole symposium, where Federal Reserve Chairman Kevin Warsh’s speech will be closely watched for clues on the Fed’s interest-rate path.
Several sectors posted declines, led by financials.