{
  "id": 2954871,
  "title": "Sensex, Nifty Open Higher But Gains Remain Capped As Crude Oil, Geopolitical Risks Weigh",
  "url": "https://urgent.news/2026/08/24/sensex-nifty-open-higher-but-gains-remain-capped-as-crude-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T05:02:01.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sensex-nifty-open-higher-but-early-shed-gains-as-crude-oil-geopolitical-risks-cap-upside"
  },
  "original_language": "en",
  "account": "Indian equity markets opened higher on Monday, primarily propelled by gains in IT stocks. The 30-share Sensex rose 89 points and later surged to 249 points, while the Nifty climbed 33 points to gain 61 points. However, both indices saw a sharp retreat, with Sensex trading 86 points higher and Nifty up 25 points by early afternoon. Among the gainers, Infosys was the top performer, climbing 1.85%, followed by HCL Technologies and Tata Steel. Other gainers included HDFC Bank, Tech Mahindra, and TCS. On the downside, IndiGo, Kotak Mahindra Bank, ICICI Bank, Hindustan Unilever, UltraTech Cement, and NTPC were among the decliners. Asian Paints led the losers, down 0.42%, followed by Titan, BEL, Adani Ports, and Bharti Airtel.\n\nThe broader market initially showed positive signs, with Nifty Smallcap 100 gaining 0.69%, Midcap 50 increasing 0.11%, and Midcap 100 rising 0.10%. However, India VIX surged above 4%, indicating heightened volatility. Sectoral performance was mixed, with private banks, real estate, and financial services gaining, while FMCG, auto, media, and IT sector indices faced pressure, despite several major IT stocks gaining.\n\nCrude oil and geopolitical tensions were the main concerns for investors. Brent crude oil was trading at around $93.13 a barrel, while WTI stood at $85.69. Elevated oil prices, combined with geopolitical uncertainty, could impede the market's ability to sustain a sharp rally. Investors are closely monitoring crude oil prices, as the United States is expected to announce fresh economic sanctions on Iran, which could impact crude supply from the West Asian region.",
  "summary": "Indian equity markets opened in positive territory on Monday, with IT stocks driving early gains despite concerns over elevated crude oil prices and ongoing geopolitical tensions. The 30-share Sensex opened 89 points higher and further jumped up to 249 points during the early trade. Similarly, Nifty opened 33 points higher to further rise up to 61 points. However, both the indices lost most of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}