Indian benchmark indices BSE Sensex and Nifty 50 traded lower as investors reacted cautiously to rising geopolitical tensions and uncertainty in global commodity markets. Banking and auto stocks faced selling pressure while defensive sectors witnessed selective buying.
Global markets remained volatile due to concerns regarding oil supply disruptions and inflation risks triggered by ongoing Middle East tensions. Foreign investors remained cautious, while domestic institutions provided some support through value buying in large-cap counters.
Market experts believe Indian equities may continue witnessing sharp fluctuations until geopolitical conditions stabilize and crude oil prices cool down further.
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