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The Nifty50 and the Sensex fell after a higher open as auto and bank stocks weighed.
Sensex Today
The Nifty50 and the Sensex erased opening gains as concerns over oil and gas supply shortage continued to roil risk appetite.
UltraTech Cement, Grasim Industries, JSW Steel, and InterGlobe Aviation were the top gainers in the Nifty50 index. Broader markets underperformed benchmark indices, the Nifty MidCap and the Nifty SmallCap were trading 0.28 per cent and 0.75 per cent down, respectively.
Sector-wise, the Nifty Realty declined the most shortly after opening to become the worst-performing sectoral index. Meanwhile, the Nifty FMCG outperformed the sectoral indices.
Global Cues
Most Asia-Pacific markets traded lower in early deals on Monday as investors remained cautious amid concerns that elevated energy prices could hurt inflation and growth prospects.
Japan’s Nikkei 225 and South Korea’s Kospi were down 0.73 percent and 0.20 percent, respectively, during early trade.
Wall Street also ended lower in the previous session. On Friday, US benchmark indices slipped as Brent crude prices stayed above the USD 100-per-barrel mark, driven by the closure of the Strait of Hormuz, a key global oil transit route.
The S&P 500 declined 0.61 percent, while the Dow Jones Industrial Average fell 0.26 percent.
Oil prices continued to remain firm during the Asian session, with Brent crude holding well above the USD 100 per barrel level amid rising concerns over the safety of oil infrastructure in Iran.
According to reports citing Mike Waltz, the US ambassador to the United Nations, US President Donald Trump is considering options to target oil facilities at Kharg Island, Iran’s main oil export hub.
Brent crude’s May futures contract was trading 0.50 percent higher at USD 103.75 per barrel on the Intercontinental Exchange (ICE).
Meanwhile, precious metals were trading lower, with gold futures down 0.96 percent and silver futures declining 1.55 percent.
March 16, 2026, 09:22 IST
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