Indian shares opened steady on Monday after posting their longest weekly winning streak of 2026, as investors weigh support from renewed U.S.-Iran diplomacy against lingering geopolitical risks.
The benchmark Nifty 50 NSE:NIFTY held its ground at 24,061.75, while the BSE Sensex BSE:SENSEX edged 0.06% lower to 77,055.21, as of 9:15 a.m. IST.
Nine of the 16 major sectors logged gains at the open. The broader small-caps NSE:CNXSMALLCAP and mid-caps NSE:CNXMIDCAP were flat.
Other Asian markets (.MIAPJ0000PUS) fell 0.4%, while Brent crude prices ICEEUR:BRN1! rose 0.6% on cautious sentiment following recent tensions in the Middle East.
Diplomatic efforts between Washington and Tehran appear to be back in focus after several days of retaliatory strikes, triggered by an Iranian projectile hitting a cargo vessel in the Strait of Hormuz last week.
Both sides have since accused the other of violating an interim ceasefire, keeping investors alert to any escalation that could affect oil prices and risk appetite.