Records on Wall Street, Oil Weighs on Indian Markets

Global markets remain divergent as U.S. equities hit record highs, led by continued AI-driven momentum, while rising oil prices and geopolitical tensions weighed on broader sentiment.

Treasury yields edged higher amid strong economic data, reinforcing a “higher-for-longer” rate outlook. Asian markets turned cautious on renewed uncertainty around U.S.-Iran negotiations.

Domestically, Nifty extended its decline, falling 165 points to 23,382 after a sharp intraday reversal. Persistent crude strength and rupee weakness pressured sentiment.

Technically, the index remains in a downtrend, with support near 23,262 and resistance in the 23,700 – 23,800 zone.