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Sensex, Nifty Open Flat After Last Week's Sell-Off; Metals Gain, Oil & Gas Lag
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Sensex, Nifty Flat After Sharp Sell-Off; Metals Gain, Oil & Gas Lag Amid Geopolitical Tensions
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Moneycontrol
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16-03-2026, 09:28
Sensex, Nifty Flat After Sharp Sell-Off; Metals Gain, Oil & Gas Lag Amid Geopolitical Tensions
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Indian equity benchmarks Sensex and Nifty opened flat on Monday after last week's sharp sell-off, showing cautious sentiment.
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Market sentiment remains wary due to elevated crude oil prices, persistent FII selling, and ongoing geopolitical tensions in the Middle East.
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Last week, Sensex plunged 1,470 points and Nifty dropped 488 points, driven by rising geopolitical tensions and higher crude oil prices.
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Metal stocks, including Grasim, JSW Steel, Tata Steel, and Hindalco, led early gains, while oil & gas stocks lagged.
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VK Vijayakumar of Geojit Investments noted that high crude prices and sustained FII selling contribute to market weakness, urging investor caution.
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