business π Indian stocks dip for third week amid global jitters π
The Indian stock market closed lower for the third consecutive week on August 28, with investors staying cautious due to geopolitical issues and crude oil price swings. NIFTY50 dropped 0.3%, and the BSE SENSEX declined 0.4% during the week. Brent crude prices fell nearly 5% to settle at $88.28 per barrel amidst conflict concerns. IT stocks showed strength, boosted by strong Q2 reports from NVIDIA and Salesforce. The India VIX also slipped 4.6%, suggesting investors think the major downturn might be over.