Crude Back on the Boil

Global markets remained volatile as renewed U.S. & Iran tensions pushed Brent crude above USD 90/barrel, reviving inflation concerns and weighing on sentiment. Asian equities opened mixed amid uncertainty surrounding AI‑linked technology stocks. Despite global jitters, Indian markets showed resilience, supported by strong earnings from major private banks and a breakout above recent consolidation levels.

The near‑term trend remains positive with resistance at 24,531–24,600 , where a breakout could drive Nifty toward 25,000 . On the downside, 24,000–24,100 remains a strong support zone, favouring a buy‑on‑dips strategy. Indian markets are likely to open flat on mixed cues.