Indian equity markets came under fresh selling pressure on Wednesday, with the Sensex slipping below the 75,000 level and the Nifty falling under 23,500. Technology stocks were among the biggest losers, with weakness seen in major IT companies.
The pressure on equities came as rising crude oil prices and escalating Middle East tensions increased concerns about inflation and global growth. The Nifty IT index fell sharply, while broader market sentiment also remained cautious.
Investors are now closely tracking crude oil prices, foreign fund flows and global market developments. For India, a sustained rise in oil prices could increase inflation and put pressure on economic growth, making the geopolitical situation an important factor for the stock market.
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