From Gift Nifty, US-Iran war, oil prices to Kospi’s crash: 8 key things that changed for Indian stock market overnight
Indian stock markets are expected to open cautiously as investors weigh mixed global cues, including rising oil prices and geopolitical tensions in the Middle East. While US markets showed gains, Asian markets have experienced significant volatility.
Why it matters
Geopolitical instability and energy prices are primary drivers of market volatility, impacting investor sentiment and economic outlooks in emerging markets like India.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a steady note on Thursday, following mixed cues from global markets, as investors remain cautious over the rising crude oil prices due to the ongoing US-Iran war in the Middle East.Asian markets traded sharply lower, while the US stock market ended higher overnight, amid concerns over the ongoing West Asia war.On Wednesday, the Indian stock market ended with modest gains, supported by upbeat global investor sentiment.The Sensex rose 130.49 points, or 0.17%, to close at 77,185.43, while the Nifty 50 settled 26.45 points, or 0.11%, higher at 24,078.50.“The near-term outlook for Indian equities remains mixed. Elevated geopolitical tensions in West Asia, Brent crude oil prices above $85 per barrel and the rupee weakening to around one-month low, are expected to keep volatility elevated.
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