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. Higher Brent crude prices, which surged above US$95 per barrel following fresh attacks in the Middle East, raised concerns over India’s inflation outlook and corporate profitability, prompting investors to adopt a cautious stance.
Market experts noted that banking, auto and aviation stocks witnessed selling pressure, while defensive sectors offered limited support. The India VIX also moved higher, indicating increased market volatility. Analysts believe the ongoing earnings season will keep stock-specific action active, but benchmark indices are likely to remain volatile until there is greater clarity on crude oil prices, geopolitical developments and FII flows.
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