FX.co ★ Sensex, Nifty Open Lower As Oil Prices Surge On Middle East Tensions

Indian shares experienced a slight dip on Tuesday following a more than 3 percent surge in oil prices the previous day, fueled by rising tensions in the Middle East. The United States announced its preparedness for potential significant attacks by Iran or its proxies on Israel, anticipated as early as this week.

In early trading, the benchmark S&P BSE Sensex fell by 74 points, or 0.1 percent, to 79,574, while the broader NSE Nifty index declined by 13 points to 24,334.

HDFC Bank dropped 2.3 percent, following MSCI's announcement that the private sector lender's weightage in the Global Standard index will be increased in two stages. Similarly, shares of SBI Life, Tata Motors, HDFC Life, and BPCL declined by 1–2 percent.

Vodafone Idea saw a 1.4 percent decrease despite reporting a reduction in its quarterly net loss. In contrast, IRFC gained nearly 2 percent after posting a modest increase in its Q1 net profit.

Bharti Airtel's shares rose by approximately 1 percent. In an interview, Chairperson Sunil Bharti Mittal clarified that Bharti Enterprises' recent investment in British firm British Telecom does not involve Airtel.

Sector-wise, Cipla, Apollo Hospitals Enterprise, and Hero MotoCorp all observed gains exceeding 1 percent. Meanwhile, Bajaj Finance and Bajaj FinServ experienced subdued performance following the Reserve Bank of India's introduction of revised regulations for non-banking financial companies and housing finance companies.