- ๐ฎ๐ณ Indian Market: Ceasefire optimism faded ๐ as fresh USโIran tensions and ongoing Strait of Hormuz restrictions pushed oil prices higher, which in turn raised inflation concerns for India ๐. This pressure, along with profit booking, rising bond yields, and a weaker rupee, reduced risk appetite, making markets cautious โ ๏ธ, and experts now expect this uncertainty to continue until clearer updates emerge from the weekend talks.
- ๐ Market Breadth: On the NSE, 1376 stocks ended in the green, while 1596 stocks closed in the red.
- ๐ Global Market: US markets jumped on Wednesday ๐ after a surprise two-week ceasefire between the US and Iran lifted sentiment, but the optimism didnโt last long as Asian markets turned cautious ๐ with cracks appearing in the fragile truce. This uncertainty pushed oil prices higher โฝ amid supply concerns and Strait of Hormuz restrictions, reminding investors that inflation risks are still far from over.
