Indian shares fall ahead of US Iran sanctions

Indian shares declined on Monday as investors remained cautious ahead of expected details on US sanctions against Iran. The Nifty 50 and Sensex both fell during a mixed trading session across major sectors.

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FILE PHOTO: Statues of people and a bull are seen next to the logo of the National Stock Exchange (NSE) in Mumbai, India, September 6, 2024. REUTERS/Francis Mascarenhas/File Photo

India shares fell during Monday morning trade, tracking subdued global markets as investors braced for impending economic penalties from the United States against Iran over ongoing Middle East tensions. The Nifty 50 fell 0.14% to 24,219.05 and the Sensex lost 0.22% to 77,369.11. The losses reflect broader investor caution regarding potential shocks to global energy supplies and bond yields.

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