India Market Recap

Indian equity benchmarks extended their losing streak for the fifth consecutive session, marking the longest stretch of declines since July 24. Persistent selling pressure and cautious investor sentiment weighed on the markets throughout the day. The BSE Sensex fell 281.09 points, or 0.36%, to close at 77,728.16, while the NSE Nifty 50 declined 78.35 points, or 0.32%, to settle at 24,287.65. On the technical front, Nifty support is placed in the 24,100–24,200 range, while resistance is seen between 24,400 and 24,500.

US Market Recap

Wall Street delivered a mixed performance on Monday as renewed optimism around artificial intelligence and semiconductor stocks supported technology shares, while escalating geopolitical tensions in the Middle East kept broader market sentiment cautious. The Dow Jones Industrial Average and the S&P 500 both declined 0.5%, while the Nasdaq Composite fell 0.3%. US stock futures were largely subdued in early Asian trade, with Dow futures down around 25 points, while S&P 500 and Nasdaq-100 futures traded marginally lower.

Asian Market Update

Asian markets traded mostly lower on Tuesday as investors assessed rising geopolitical risks and uncertainty surrounding the US-Iran ceasefire. Japan's Nikkei 225 declined 0.38%, while Australia's ASX 200 was largely unchanged, edging up 0.01%. South Korea's Kospi outperformed the region, surging 3.04% after reopening following a holiday. Market sentiment remained cautious after US President Donald Trump ruled out extending the 60-day agreement with Iran and warned of possible military action against Oman, raising concerns over the prospects for a diplomatic resolution.

Commodity Check

Crude oil prices extended their gains for a third consecutive session as hopes of a near-term agreement between Washington and Tehran faded. Brent crude climbed above $91 per barrel, its highest level since late July, while West Texas Intermediate (WTI) traded near $85 per barrel. The expiry of the June ceasefire agreement on Monday has increased uncertainty over the geopolitical outlook and the future of shipping through the Strait of Hormuz.

Higher crude oil prices have also revived concerns about global inflation, with investors closely watching whether elevated energy costs could influence the outlook for interest rates. US Treasury yields moved higher in the previous session as markets reassessed the inflationary impact of persistent geopolitical tensions and rising oil prices.

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