The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.

The RBI is expected to hike the benchmark interest rate by 25 basis points in October and December due to rising crude prices and inflationary pressures. Changes in the repo rate will affect borrowers and depositors. Here's how.
Goldman Sachs says a shift spurred by the Iran War and its disruption to energy markets will put downward pressure on crude prices through 2027.
Goldman Sachs says a shift spurred by the Iran War and its disruption to energy markets will put downward pressure on crude prices through 2027.

Equity benchmarks remain cautious as IT stocks drop over 1.5% following a hawkish US Fed commentary despite softer crude prices.

This cautious market reaction is primarily driven by geopolitical uncertainty stemming from the Middle East conflict, elevated crude prices, and a visible slowdown in earnings momentum

Geopolitical tensions affect Nifty's performance while midcaps show resilience, highlighting mixed market trends amid rising crude prices.
India Business News: MUMBAI: A report that the US and Iran were inching closer to a preliminary deal to end the war in West Asia pulled down crude prices sharply, strength.
Nifty rebounded to 24,119 on Monday, driven by easing crude prices and improved risk sentiment, with geopolitical relief also contributing. Analysts anticipate a sustained upward trend, contingent on softer oil prices, strong domestic data, and political clar…