Indian benchmark indices BSE Sensex and Nifty 50 traded cautiously as global markets reacted to fresh geopolitical developments in the Middle East. Investors remained concerned over the possibility of prolonged conflict impacting global trade and energy supply chains.
Banking and auto stocks witnessed selective buying, while IT and export-oriented sectors remained weak due to uncertainty in global demand. Foreign investors continued to adopt a cautious strategy amid rising volatility.
Market analysts believe the Indian market may continue witnessing sharp swings until geopolitical tensions ease and global crude oil prices stabilize.
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