Indian equity markets ended lower on Tuesday, September 8, extending their decline to a seven-week low as elevated crude oil prices and persistent geopolitical uncertainty weighed on investor sentiment. Selling pressure remained evident through the session.
Technically, the index has weakened further, while rising crude prices are likely to add to inflationary pressures. The Nifty has found initial support around its previous swing low, while the daily Relative Strength Index (RSI) is showing positive divergence, indicating a possible shift in momentum.
