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Middle East peace uncertainty and higher oil pressure India stocks
The Nifty 50 fell 0.54% to 24,450 and the Sensex dropped 0.50% to 78,148 as crude-linked shares lagged.
India’s stock market stayed under pressure on Tuesday, August 11, as uncertainty around a potential Middle East peace deal weighed on sentiment while crude oil prices continued rising.
LiveMint reported that the Nifty 50 ended down 0.54% at 24,450, and the Sensex declined 0.50% to 78,148. Losses in FMCG and metal stocks outweighed support from pharma and technology shares, with Cement, FMCG, Realty and Metal sector indices among the biggest decliners. Pharma, IT and Healthcare sectors finished higher.
Broader market breadth was mixed, with the Nifty Midcap 100 down 0.02% and the Nifty Smallcap 100 up 0.22%. Meanwhile, mutual fund inflows weakened in July, falling 14.8% month on month to ₹24,697 crore, as large-cap funds saw outflows for the first time since December 2023, according to data cited from the Association of Mutual Funds in India.
The article linked the risk backdrop to geopolitical developments involving Iran, including new demands raised by President Donald Trump and ongoing uncertainty around reopening the Strait of Hormuz, which it said contributed to preferences shifting toward small-cap and mid-cap funds amid global volatility.
Latest closeWTI crude $82.30 ▲5.3%|Sensex 78,499.17 ▼0.6%