India, Sept. 28 -- Indian stock market indices Sensex and Nifty opened sharply low on Monday, September 28, with investors remaining cautious after benchmark indexes posted their longest weekly losing streak since 2020, while oil prices rose following a stalemate in US-Iran peace talks.

At 9:17 am, two minutes after the market opening time, Sensex stood at 73,383.70, 512.04 or 0.69 per cent down. By 9:21 am, the losses extended to over 690 points. At 9:24 am, the losses touched 700 points and then went further down to over 840 points or 1.13 per cent by around 9:35 am and to over 900 points or 1.22 per cent down by 10:07.

US President Donald Trump said he has rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting, ...