Markets are losing momentum as rising oil prices and US-Iran tensions fuel fresh inflation worries. Investors are turning cautious, prioritising risk over growth in an increasingly uncertain global landscape.
Oil prices surged sharply after fresh Iran-US tensions, triggering volatility in global markets and weighing on Indian equities despite positive global cues and steady institutional flows.
Oil prices rose sharply as fresh uncertainty over Iran revived supply concerns, with markets reacting quickly to geopolitical developments and ongoing tensions in the region.
India's weekly crude imports collapsed from 25 million barrels in February to just 1.9 million barrels in the week ended March 6, as Middle East suppliers cut export volumes sharply.
Washington has moved to ease pressure on energy markets by allowing limited Russian oil transactions, as conflict-driven disruptions raise concerns over global supply stability.
Global markets reacted sharply as crude prices climbed despite a historic emergency oil reserve release, highlighting investor fears that tensions in the Middle East could disrupt key shipping routes.
Markets worldwide are reacting to a sharp jump in crude oil prices as geopolitical tensions in West Asia escalate, raising fears of inflation and economic uncertainty.
However, domestic financial markets have been supported by RBI interventions such as smoothing of G-sec yields and management of rupee volatility.
Rising geopolitical tensions in West Asia have pushed oil markets into volatile territory, with experts warning that sustained disruption could sharply affect inflation, trade balances, and sectoral performance in India.
Accordingly, in the national capital, petrol continued to be sold at the new record high level of Rs 84.70 a litre while diesel prices remained at Rs 74.88 per litre.
