Crude rears its ugly head again

Global risk sentiment weakened as crude oil surged following renewed Middle East tensions, triggering a pullback in U.S. equities from record highs. Soaring Brent prices and rising U.S. yields reinforced expectations of prolonged tight monetary policy.

Strong tech earnings partially offset the macro drag. The rupee hit another record low amid elevated crude and persistent dollar strength. Domestic equities mirrored global caution, with Nifty rebounding 121 points yet remaining range‑bound near 24,100. Support lies at 23,800, while 24,334 and 24,600 serve as key resistance levels. Indian markets may open subdued.

Download the Full Report: Click Here