Indian equity markets experienced a second consecutive day of losses due to escalating tensions between the US and India over tariffs. The NSE Nifty and BSE Sensex both declined by 0.9%. Investors are cautious amid a lack of positive triggers, with banking and IT sectors underperforming. Foreign portfolio investors continue to sell shares, contributing to the market’s bearish sentiment.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.