Indian equity benchmarks Sensex and Nifty witnessed a decline as global uncertainties and geopolitical tensions dampened investor sentiment. Weak cues from international markets and rising crude oil prices led to cautious trading across sectors.
Banking, metal and infrastructure stocks were among the major laggards as investors booked profits after recent market volatility. Market participants remained watchful of global developments which could influence risk appetite across emerging markets.
Despite the short-term correction, analysts believe domestic fundamentals such as strong economic growth, infrastructure spending and corporate earnings continue to support long-term market prospects.
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