Indian headline indices-Sensex and Nifty ended lower on Monday amid rising crude oil prices and trade tensions between US and China. While the Sensex lost 71 points to end at 39,122.96, the Nifty50 is trading at a level of 11,699.65, down 24.45 points from the last close. Both the indices- Sensex and Nifty had ended lower on Friday amid US-China trade worries and geopolitical tensions in the Middle East. The crude oil prices soared on Monday amid escalating tensions between Iran and the US. The US Secretary of State Mike Pompeo said “significant” sanctions on Tehran would be announced in a bid to choke off resources being used to fund terror activities in the region. Pompeo is travelling to Saudi Arabia and the United Arab Emirates to hold talks on Iran.
The major gainers on BSE are Yes Bank, M&M and TCS, while the losers are Vedanta, Tata Steel, Bajaj Auto and ONGC. Barring PSU Bank and FMCG, all the sectoral indices ended in red on NSE.