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Sensex and Nifty 50 close flat, extend losing week amid oil and US yields

Brent crude is up 4% for the month and traded above $93 per barrel, while the Sensex fell 0.6% and the Nifty 50 dropped 0.5% for the week.

Reported · Written up by our desk · Asia

India’s benchmark Sensex and Nifty 50 ended flat on 21 August, extending losses for a second straight week as investors pointed to elevated oil prices, stalled US Iran talks, and rising US bond yields, according to LiveMint Markets.

The Sensex finished 3 points higher at 77,540.83, while the Nifty 50 settled 20 points higher, a gain of 0.08%, at 24,252. The Nifty Midcap 150 rose 0.08% and the Nifty Smallcap 250 climbed 0.41%.

For the week, the Sensex slipped 0.6% and the Nifty 50 declined 0.5%, leaving both indices down more than half a percent for the month and potentially snapping a two month winning streak.

LiveMint Markets cited Brent crude up 4% for the month after a 24% jump in July, with prices trading above $93 per barrel. It also noted US Vice President JD Vance said the war with Iran has entered a new phase, and quoted Geojit Investments’ Vinod Nair saying worries about elevated global bond yields persist, with India’s 10 year yield rising on RBI hawkish signals and local inflation risks.

Latest closeWTI crude $82.40 ▲1.4%|Brent $88.59 ▲1.8%|Sensex 78,079.96 ▲0.1%

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