Indian equity markets are expected to begin Wednesday’s session on a cautious note after renewed geopolitical tensions in the Middle East pushed crude oil prices higher. Global markets also remained under pressure as investors assessed the impact of rising energy costs and increased uncertainty.
Higher crude prices could increase inflationary pressure for India, which imports a large share of its oil requirements. Investors will also closely monitor the start of the Q1 earnings season, with major IT companies scheduled to announce results later this week.
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