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Indian equities are set for a weak start on Monday after global markets ended the week sharply lower. Rising crude oil prices following escalating Middle East tensions and a selloff in US stocks have dampened sentiment. Analysts warn markets may remain volatile as investors track oil prices, foreign flows and geopolitical developments.
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Indian equities extended losses as escalating US-Iran tensions pushed crude prices higher, dampening investor sentiment. Rising US bond yields and a stronger dollar have triggered risk-off behaviour among foreign investors. Analysts say volatility may persist, though selective value-buying opportunities could emerge for long-term investors amid geopolitical uncertainty and market weakness.
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The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities.
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Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
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The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities.
Read More
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