Global financial markets remained volatile as investors continued to monitor geopolitical developments in the Middle East.

Indian benchmark indices remained under pressure for the fourth consecutive session, with the Sensex and Nifty ending lower as surging crude oil prices and weak corporate earnings dampened investor sentiment.

The Central Government has clarified that there is currently no proposal to remove the Long-Term Capital Gains (LTCG) tax on equity investments, putting an end to speculation circulating in financial markets.

Geopolitical tensions in the Middle East intensified after fresh attacks on oil tankers in the Red Sea, raising concerns over global energy supplies and international trade routes.

The political row over the NEET-UG paper leak and examination irregularities continued to dominate national attention, with repeated disruptions in Parliament and student protests in several parts of the country.

The Central Government has clarified that there is currently no proposal to abolish the Long-Term Capital Gains (LTCG) tax on equity investments, putting an end to recent speculation in the financial markets.

Indian benchmark indices remained under pressure as the Sensex and Nifty extended their losses amid rising crude oil prices, persistent foreign institutional investor (FII) selling and escalating geopolitical tensions in West Asia.

Global financial markets continue to remain cautious as geopolitical tensions in the Middle East show little sign of easing. Investors are closely monitoring military developments, diplomatic negotiations and their potential impact on global energy supplies.

Indian equity markets are expected to witness a cautious start after Brent crude oil climbed sharply above the US$90 per barrel mark.

Gold prices continued to remain firm as investors preferred safe-haven assets amid heightened geopolitical tensions and uncertainty surrounding the global economy.