Sensex, Nifty Extend Losses as Iran Tensions and Crude Keep Investors Cautious

Indian equity benchmarks remained under pressure as geopolitical uncertainty and elevated crude prices continued to weigh on sentiment. The Sensex fell around 281 points while the Nifty declined for a fifth consecutive session, with investors remaining cautious amid weak global cues and uncertainty surrounding the US-Iran situation.

Foreign institutional investors remained net sellers, while domestic institutional buying provided some support. Traders are likely to remain selective as the market assesses corporate earnings, global bond yields, crude prices and developments in West Asia.