India Market Recap

Indian equity benchmarks ended lower on Monday, dragged by weakness in metal and IT stocks. The Sensex fell 0.40% to 76,597.27, while the Nifty 50 declined 0.39% to 24,080.40. On the technical front, Nifty support is placed at 24,000–23,900, while resistance is seen at 24,200–24,300.

US Market Recap

US stocks opened lower as renewed military tensions between the US and Iran raised concerns over the Strait of Hormuz. The Dow Jones fell 0.63%, while the S&P 500 and Nasdaq Composite declined 0.38% and 0.32%, respectively. Investors remained cautious amid concerns that further escalation could affect energy supplies and inflation.

Asian Market Update

Asian markets traded lower on Tuesday as renewed tensions in the Middle East weighed on investor sentiment. Japan’s Nikkei 225 fell 0.49%, South Korea’s Kospi declined 0.42%, and Australia’s ASX 200 slipped 0.31%. Investors remained focused on developments around the US-Iran conflict and their potential impact on global energy markets.

Commodity Check

Oil prices extended gains for a second session as renewed US-Iran hostilities raised concerns over disruptions to crude supplies through the Strait of Hormuz. Brent crude traded around $91 a barrel, while WTI moved above $86 after rising 2.8% on Monday. Although oil shipments continue, shipping activity remains cautious as geopolitical risks persist, keeping supply concerns elevated.

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