India's Nifty 50 falls for fifth session on Mideast worries

Business Recorder reported that Indian shares declined on Monday, with the Nifty 50 closing 0.32 per cent lower at 24,287.65 and the BSE Sensex sliding 0.36 per cent to 77,728.16. The Nifty 50 has now fallen for five straight sessions. Investors were weighed down by stalled progress toward ending the Iran war, which has kept crude prices high.

Brent crude rose almost 1 per cent to $89 a barrel, while U.S. President Donald Trump told Americans to expect fuel prices to stay high. Nine of 16 major sectors closed lower, while small-caps and mid-caps gained 0.4 and 0.1 per cent. Motilal Oswal analysts called the 1QFY27 season a strong finish, with outperformance visible across all key aggregates.

BSE shares slid 3.3 per cent after Jefferies downgraded the stock to underperform from hold, on concerns about its in-house trading volumes. Edtech platform PhysicsWallah rose 2.4 per cent after reporting a narrower first-quarter loss, while Rubicon Research and Kwality Wall's gained 11.1 and 7.8 per cent. Zaggle Prepaid and Schneider Electric Infrastructure fell 20 and 11.5 per cent respectively, as they too responded to recent earnings.