Indian shares fall to near six-month lows on Monday, extending a seven-week losing streak, as a rise in oil prices following a deadlock in US-Iran peace talks weighed on investor sentiment, Reuters reports.
The deadlock raised concerns over oil supplies through the key shipping route, pushing Brent crude futures up 2.3pc to about $106.7 a barrel.
The Nifty 50 has fallen 1.16pc to 22,871.40, while the BSE Sensex shed 1.18pc to 73,022.60, as of 10:00 a.m. IST on Monday.
All 16 major sectors have logged losses. The broader small-caps and mid-caps slipped about 1.1pc each.
The Nifty 50 and Sensex have slipped for seven consecutive weeks, losing nearly 6pc, in one of their longest weekly losing streaks on record.
