Indian equity markets are expected to remain range-bound as investors await the quarterly results of heavyweight companies including Reliance Industries, HDFC Bank and ICICI Bank.
Global crude oil prices continued to trade above US$85 per barrel as renewed tensions between the United States and Iran raised concerns about possible disruptions to energy supplies through the Strait of Hormuz.
Foreign institutional investors (FIIs) continued to trim their exposure to Indian equities amid geopolitical uncertainty and elevated commodity prices.
The Indian rupee weakened to its lowest level in nearly eight weeks as surging crude oil prices and renewed geopolitical tensions weighed on investor sentiment.
Brent crude oil climbed above US$85 per barrel after fresh military exchanges between the United States and Iran intensified concerns over global energy supplies.
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