Indian stocks expected muted start as oil climbs
Indian equities are set for a cautious to muted open as oil prices persist near $89 a barrel amid US-Iran tensions, signaling potential inflation and margin pressures for Indian companies. The GIFT Nifty is pointing to a soft start, with analysts watching the 24,200 level for signs of further selling as the Nifty recently ended a two-week winning streak at 24,366. Global markets are balancing softer US data with elevated crude, while investors digest the impact of persistent geopolitical tensions on crude supply routes. Traders are also wary of fresh US economic signals and global bond-yield movements, which could influence momentum in the near term. Amid this backdrop, Brent crude around $89 and ongoing Strait of Hormuz concerns are cited as factors shaping sentiment across Indian and regional markets.
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whalesbook.comOtherIndian Markets Set for Muted Start as Oil Prices Climb