Indian Benchmarks End Slightly Lower Amid Global Uncertainty

“Indian equity markets ended marginally lower, tracking weakness across global markets as rising concerns over tighter global monetary conditions and the continuing escalation in US-Iran tensions weighed on investor sentiment. The sharp rebound in crude oil prices and a parallel rise in global bond yields triggered a broad-based selloff across domestic equities, with banking, realty, auto, healthcare and consumer durable stocks declining more than 1 per cent each.”

“Markets are increasingly balancing India’s strong growth momentum against mounting global uncertainties. Better-than-expected GDP growth underscores the resilience of domestic demand and the broader economy. However, escalating geopolitical tensions in the Middle East and a more hawkish Federal Reserve have renewed concerns about inflation and the prospect of elevated interest rates for an extended period.”