Nifty 50 monthly expiry prediction today: Check support and resistance levels - What should traders do?
New Delhi, Sept. 29 -- Indian stock markets extended losses on Tuesday, 29 September, after ending the previous session near a six-month low, with rising crude oil prices adding to concerns over the impact of ongoing supply disruptions linked to the US-Iran conflict.
Brent crude futures climbed 1.5% to around $107 a barrel, putting further pressure on India, the world's third-largest crude oil importer. A sustained rise in oil prices could push up inflation, increase the country's import bill and weigh on economic growth as well as corporate margins.
At 9:15 a.m. IST, the Nifty 50 was down 0.21% at 22,732.45, while the BSE Sensex declined 0.19% to 72,633.68.
Broader global macroeconomic concerns continued to weigh on investor sentiment...
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